NSE To Remove Exide, Nuvama Wealth From F&O Segment Effective 29 July 2026

The National Stock Exchange (NSE) has announced the exclusion of futures and options (F&O) contracts for two stocks: Exide Industries and Nuvama Wealth Management, from the derivatives segment, effective 29 July 2026, as part of its periodic review under revised SEBI eligibility norms.

According to the exchange circular, all existing unexpired contracts for the May 2026, June 2026, and July 2026 expiry cycles will remain available for trading until their respective expiry dates. NSE also clarified that fresh strike prices may still be introduced in the ongoing contract months until the final expiry. However, no new F&O contracts will be launched for these two securities after 29 July 2026.

The move means traders will no longer be able to initiate derivative positions in Exide Industries and Nuvama Wealth Management after the cut-off date. Post-removal, both stocks will only be tradable in the cash market segment.

Revised SEBI Norms Behind The Exclusion

This exclusion comes after SEBI made the rules for stocks staying in the F&O segment much stricter in August 2024, mainly to curb excessive speculation and improve overall market quality.

Under the revised rules:

• The median quarter sigma order size (MQSOS) threshold was increased threefold from ₹25 lakh to ₹75 lakh.

• The minimum market-wide position limit (MWPL) requirement was raised from ₹500 crore to ₹1,500 crore.

• The minimum average daily delivery value requirement was increased from ₹10 crore to ₹35 crore.

The MQSOS parameter measures how liquid and actively traded a stock is. The tighter norms make it harder for illiquid or easily manipulated stocks to remain eligible for derivatives trading. Stocks are evaluated over a rolling six-month period based on their cash market performance. Securities failing to meet the criteria for three consecutive months are removed from the F&O segment.

Re-Entry Restriction After Removal

NSE rules also specify that once a stock is excluded from the derivatives segment, it cannot be reintroduced for at least one year from the last trading date in F&O.

The latest exclusion follows a broader clean-up exercise by the exchange over the past year. NSE earlier removed several securities, including HFCL, NCC, IRB Infrastructure Developers, Aditya Birla Fashion & Retail, and others, from the derivatives segment for failing to meet revised liquidity and trading thresholds.

Despite excluding certain contracts, NSE simultaneously expanded the derivatives universe in 2026 by adding newer, more liquid counters such as Hyundai Motor India, Cochin Shipyard, and Adani Power to the F&O segment.

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