NSE to remove Exide Industries, Nuvama Wealth from F&O segment; key details

The National Stock Exchange (NSE) announced the upcoming exclusion of two stocks from its Futures and Options (F&O) segment. According to an official circular issued on May 22, 2026, fresh contracts for Exide Industries Ltd and Nuvama Wealth Management Ltd will no longer be issued.  

Traders who are currently holding positions don't need to panic. The NSE has made it clear that the existing unexpired contracts of expiry months May 2026, June 2026 and July 2026 would continue to be available for trading till their respective expiry, adding that "new strikes would also be introduced in the existing contract months."  

However, any new expiry cycles for these two stocks are halted. “Accordingly, no contracts shall be available for trading in the above-mentioned securities with effect from July
29, 2026,” the NSE circular said.

This move is a direct enforcement of the eligibility criteria set by the Securities and Exchange Board of India (SEBI). “This is in reference to SEBI Circular Ref. No: SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024 regarding eligibility criteria of stocks,” it said.

Back on August 30, 2024, the market regulator overhauled the entry and exit norms for the derivatives segment.  To tighten the rules, the regulator said earlier in their circular that it needs to ensure that only high quality stocks with sufficient market depth are allowed to trade in derivatives segment.   

SEBI hiked the benchmarks required to stay in the F&O club. The required market-wide position limit was tripled from Rs 500 crore to Rs 1,500 crore. The Average Daily Delivery Value (ADDV) requirement spiked from Rs 10 crore to Rs 35 crore. 

Furthermore, the minimum median quarter sigma order size jumped from Rs 25 lakh to Rs 75 lakh.  

The regulator also introduced a Product Success Framework (PSF) that weeds out stocks lacking sufficient monthly trading volume and open interest. “Average daily turnover (futures + options premium) of at least Rs 75 crores during the review period, and. Average daily notional open interest (futures + options notional) of at least Rs 500 crores during the review period,” the SEBI circular noted.