2. A stock can be part of FnO family only if it is in top 500 stocks in terms of average daily market capitalization and average daily traded value in the previous six months on a rolling basis and another point to be considered is median quarter sigma order which should not be less than 5 Lakh over the last six months. Remember that its market wide position limit (MWPL) in the stock shall not be less than Rs. 100 crores.
3. A stock gets axe from Fno segment if its market wide position limit falls below Rs. 60 Crores and if stock’s median quarter-sigma order size over the last six months is less than Rs. 2 Lacs for a period of continuous three months. If a stock has been shown the door from derivative segment than it can not be considered for inclusion for next 1 year.
4. 50 stocks are likely to be effected by virtue of this circular and prominent stocks likely to be effected are 3i Infotech, Alok Industries, Aptech Limited, Gitanjali Gems, Jet Airways, NDTV, Rajesh Exports, Karnataka Bank, Amtek Auto, GNFC, Thermax, Hindustan Oil Exploration, RIIL and Wockhardt
5. One need not panic as existing unexpired contracts for the month of April, May and June 2009 will be available for trading till their respective expiry and new strikes would also be introduced in these existing contract months.
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