However, the existing contracts of expiry months April, May and June would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months.
"No contracts shall be available for trading in the securities (IOB and UCO Bank) with effect from July 1, 2016," NSE said in a circular.
At present, there are over 200 securities available in the F&O segment for trade.
In July 2015, Sebi had made a steep hike in the minimum investment size for any equity derivative product to Rs 5 lakh from Rs 2 lakh. Besides, the minimum lot size of an equity derivative contract increased to Rs 5 lakh.
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