Overview

• The National Stock Exchange (NSE) will exclude five stocks—Aarti Industries, Birlasoft, Hindustan Copper, Mahanagar Gas, and Piramal Enterprises—from the Futures and Options (F&O) segment starting August 1, 2025.
• Existing contracts for May, June, and July 2025 will remain tradable until their scheduled expiries, with new strike prices added to ensure position management.
• This move aligns with SEBI’s revamped derivatives eligibility framework, which raised liquidity and trading thresholds to improve market integrity and curb manipulation.
• Key changes to eligibility criteria include increasing the median quarter sigma order size (MQSOS) threshold to Rs 75 lakh, tripling the market-wide position limit, and raising the minimum daily delivery value to Rs 35 crore.
• On May 2, 2025, the NSE launched the Nifty Waves Index, a thematic index focused on India’s media, entertainment, and gaming sectors, marking a shift toward sector-specific investment products.