look news india
If the Securities and Exchange Board of India's (SEBI) proposal to include stocks in the futures and options (F&O) segment and tighten maintenance rules is approved, then stocks in this sector may see major upheaval. SEBI's proposed reforms in the futures and options market, which trades over Rs 400 lakh crore on a daily basis, will pave the way for well-known stocks like Life Insurance Corporation of India (LIC), Jio Financial Services, Zomato, Paytm, DMart and Adani Energy to enter the derivatives segment.
The Indian derivatives market represents a significant trading volume. If this amendment is implemented, there may be a significant change in this sector. Since, due to the increase in the entry limit in this sector, more than two dozen stocks may be removed from the current list of 182 stocks. According to experts, about 77 new names can be added to the list. Which recorded an average daily turnover (ADTV) of Rs 432 lakh crore in the month of May.
According to a report, Bata, Granules India, Canfin Homes, Abbott India, Mahanagar Gas, CT Union Bank, Torrent Pharmaceuticals, IPCA Laboratories, Sun TV, United Breweries are some of the names that may be removed from the segment list. Apart from this, in the last few years, listed new-age companies like Delhivery, Paytm parent One97 Communications, Policy Bazaar parent PB Fintech, Nykaa, Zomato and market intermediaries like BSE, Central Depository Services, Angel One and Computer Age Management Services will be eligible for entry in the F&O list. It is worth noting that the amendment has been proposed for the first time in the last six years. The aim of this change is to consistently exclude stocks with low derivative turnover and open interest.