Jet Airways, Reliance Power: 34 stocks will exit F&O segment from June 28
The move follows tightening of section criteria for stocks in the derivatives segment by market regulator Securities and Exchange Board of India (Sebi) in 2018
 "Jet Airways, Reliance Power: 34 stocks will exit F&O segment from June 28")
premium
National Stock Exchange (NSE) had announced expulsion of 34 stocks from the derivatives or futures and options (F&O) segment in April. Some of the notable counters that have been expelled include Jet Airways, Reliance Power, BEML, CEAT, Syndicate Bank, IDFC, Allahabad Bank and Ajanta Pharma.
The move follows tightening of section criteria for stocks in the derivatives segment by market regulator Securities and Exchange Board of India (Sebi) in 2018.
The stock exchange said the existing unexpired contracts for the securities for the month of April, May and June will be available for trading. However, no contracts will be available for trading in these scrips from June 28.
From an investor's perspective, once the stock enters the derivative segment, it is seen as positive move. Mostly, such stocks exhibit a positive trend as more trades enter the system and only a margin payment is made.
Here's a full list of the companies that have been banned from the F&O market, effective June 28
| Ajanta Pharmaceuticals Ltd. |
| Allahabad Bank |
| BEML Ltd. |
| Can Fin Homes Ltd. |
| Ceat Ltd. |
| CG Power and Industrial Solutions Ltd. |
| Chennai Petroleum Corporation Ltd. |
| DCB Bank Ltd. |
| Godfrey Phillips India Ltd. |
| Godrej Industries Ltd. |
| Gujarat State Fertilizers & Chemicals Ltd. |
| IDFC Ltd. |
| IFCI Ltd. |
| India Cements Ltd. |
| Indian Bank |
| Infibeam Avenues Ltd. |
| IRB Infrastructure Developers Ltd. |
| Jet Airways (India) Ltd. |
| Jain Irrigation Systems Ltd. |
| Kaveri Seed Company Ltd. |
| Karnataka Bank Ltd. |
| Mangalore Refinery & Petrochemicals Ltd. |
| NHPC Ltd. |
| Oriental Bank of Commerce |
| PC Jeweller Ltd. |
| Repco Home Finance Ltd. |
| Reliance Power Ltd. |
| South Indian Bank Ltd. |
| Suzlon Energy Ltd. |
| Syndicate Bank |
| Tata Communications Ltd. |
| TV18 Broadcast Ltd. |
| V-Guard Industries Ltd. |
| Wockhardt Ltd. |
On the flip side, when a stock moves out of derivative segment, it is sentimentally negative. Around the F&O expiry, there can be a recovery in such stocks as derivative positions start to square off. Out of the 34 stocks that will exit this segment on June 28, 11 stocks have gained ground since Tuesday as we got closer the expiry of June F&O contracts due Thursday.
| Stocks | Current Price | 1-day change (%) |
| Allahabad Bank | 44.5 | 9.07 |
| BEML Ltd. | 895 | 8.66 |
| Ceat Ltd. | 945 | 4.74 |
| DCB Bank Ltd. | 240 | 4.51 |
| IFCI Ltd. | 10.5 | 32.08 |
| India Cements Ltd. | 108 | 13.21 |
| Oriental Bank of Commerce | 96.1 | 4.68 |
| Suzlon Energy Ltd. | 5.85 | 18.18 |
| Syndicate Bank | 40.2 | 10.14 |
| V-Guard Industries Ltd. | 249 | 4.97 |
| Wockhardt Ltd. | 390 | 5.41 |
| Data source: Spider Software |
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%