KYC is one time exercise with a SEBI registered intermediary while dealing in securities markets (Broker/ DP/ Mutual Fund etc.).   |   Prevent unauthorized transactions in your account – Update your mobile numbers / email ids with your stock brokers. Receive information of your transactions directly from exchange on your mobile / email at the EOD | Filing Complaint on SCORES - QUICK & EASY a) Register on SCORES b) Mandatory details for filing complaints on SCORE - Name, PAN, Email, Address and Mob. no. c) Benefits - speedy redressal & Effective communication   |   BSE Prices delayed by 5 minutes...<< Prices as on Aug 12, 2022 - 11:10AM >>  ABB India 2807.05  [ 0.31% ]  ACC 2215.1  [ -0.61% ]  Ambuja Cements Ltd. 378.85  [ -0.38% ]  Asian Paints Ltd. 3399.4  [ -0.16% ]  Axis Bank Ltd. 756.9  [ -0.30% ]  Bajaj Auto 4052.2  [ 0.52% ]  Bank of Baroda 123.3  [ 0.08% ]  Bharti Airtel 709.55  [ 0.00% ]  Bharat Heavy Ele 53.4  [ 0.95% ]  Bharat Petroleum 333.15  [ 1.49% ]  Britannia Ind. 3650.05  [ 0.26% ]  Cairn India Ltd. 285.4  [ 0.90% ]  Cipla 1033.75  [ -0.45% ]  Coal India 221.1  [ 1.14% ]  Colgate Palm. 1570.8  [ -0.34% ]  Dabur India 579.95  [ -0.36% ]  DLF Ltd. 374.25  [ 0.48% ]  Dr. Reddy's Labs 4270  [ 0.30% ]  GAIL (India) 130.6  [ 1.48% ]  Grasim Inds. 1595.35  [ -0.28% ]  HCL Technologies 956.85  [ -0.54% ]  HDFC 2458.9  [ 0.22% ]  HDFC Bank 1482.5  [ -0.29% ]  Hero MotoCorp 2773.65  [ -0.42% ]  Hindustan Unilever L 2597.7  [ -0.56% ]  Hindalco Indus. 439.25  [ 1.33% ]  ICICI Bank 865.8  [ 0.76% ]  IDFC L 62.4  [ 0.24% ]  Indian Hotels Co 273.5  [ -1.37% ]  IndusInd Bank 1081.2  [ 0.21% ]  Infosys 1605  [ -0.91% ]  ITC Ltd. 308.9  [ 0.85% ]  Jindal St & Pwr 406.5  [ 2.12% ]  Kotak Mahindra Bank 1840.35  [ -0.74% ]  L&T 1850.55  [ -0.89% ]  Lupin Ltd. 684  [ -0.86% ]  Mahi. & Mahi 1253.35  [ -0.96% ]  Maruti Suzuki India 8702  [ -1.32% ]  MTNL 23.8  [ 0.42% ]  Nestle India 19512  [ -0.90% ]  NIIT Ltd. 349.15  [ -1.30% ]  NMDC Ltd. 116.75  [ 0.86% ]  NTPC 157.45  [ 2.54% ]  ONGC 138.05  [ 4.03% ]  Punj. NationlBak 33.35  [ -0.15% ]  Power Grid Corpo 226.95  [ 1.86% ]  Reliance Inds. 2626.4  [ 1.40% ]  SBI 529.75  [ 0.99% ]  Vedanta 264.4  [ 3.12% ]  Shipping Corpn. 109.9  [ -1.92% ]  Sun Pharma. 912.35  [ -0.83% ]  Tata Chemicals 1152.05  [ 7.14% ]  Tata Consumer Produc 761.85  [ -1.48% ]  Tata Motors Ltd. 480.4  [ 0.79% ]  Tata Steel 111.8  [ 2.47% ]  Tata Power Co. 234.85  [ 2.35% ]  Tata Consultancy 3400.8  [ -0.63% ]  Tech Mahindra 1070  [ -0.66% ]  UltraTech Cement 6525  [ -1.07% ]  United Spirits 793.7  [ 1.12% ]  Wipro 437.65  [ -0.17% ]  Zee Entertainment En 246.45  [ -0.63% ]  

Derivative

Indian Indices

  • Loading....

Global Indices

  • Loading....

Commodity

  • Loading....

Forex

  • Loading....

    Introduction



    Eligibility Criteria for selection of Securities
  • The eligibility of a stock / index for trading in Derivatives segment is based upon the criteria laid down by SEBI through various circulars issued from time to time. The latest circular issued in this respect is circular No. : SEBI/DNPD/Cir-31/2006 dated September 22, 2006. Based on various circulars, the following criteria will be adopted by the Exchange w.e.f September 22, 2006, for selecting stocks and indices on which Futures & Options contracts would be introduced.
  • Eligibility criteria of stocks
  • The stock shall be chosen from amongst the top 500 stocks in terms of average daily market capitalisation and average daily traded value in the previous six months on a rolling basis.
  • The stock’s median quarter-sigma order size over the last six months shall be not less than Rs. 0.10 million (Rs. 1 lac). For this purpose, a stock’s quarter-sigma order size shall mean the order size (in value terms) required to cause a change in the stock price equal to one-quarter of a standard deviation.
  • The market wide position limit in the stock shall not be less than Rs. 500 million (Rs. 50 crores). The market wide position limit (number of shares) shall be valued taking the closing prices of stocks in the underlying cash market on the date of expiry of contract in the month. The market wide position limit of open position (in terms of the number of underlying stock) on futures and option contracts on a particular underlying stock shall be 20% of the number of shares held by non-promoters in the relevant underlying security i.e. free-float holding.
  • Continued Eligibility
  • For an existing stock to become ineligible, the criteria for market wide position limit shall be relaxed upto 10% of the criteria applicable for the stock to become eligible for derivatives trading.
  • To be dropped out of Derivatives segment, the stock will have to fail the relaxed criteria for 3 consecutive months.
  • If an existing security fails to meet the eligibility criteria for three months consecutively, then no fresh month contract shall be issued on that security.
  • Further, the members may also refer to circular no. NSCC/F&O/C&S/365 dated August 26, 2004, issued by NSCCL regarding Market Wide Position Limit, wherein it is clarified that a stock which has remained subject to a ban on new position for a significant part of the month consistently for three months, shall be phased out from trading in the F&O segment.
  • However, the existing unexpired contracts may be permitted to trade till expiry and new strikes may also be introduced in the existing contract months.
     
  • Re-introduction of dropped stocks
  • A stock which is dropped from derivatives trading may become eligible once again. In such instances, the stock is required to fulfill the eligibility criteria for three consecutive months to be re-introduced for derivatives trading.