Eight stocks to enter F&O segment on 29 October; stocks surge in anticipation – check detail list here

Eight stocks will be available for trading in the Futures & Options (F&O) markets from 29 October. The shares of these companies today jumped up to 14 per cent on the BSE in the intraday trade.  

The stocks added in the F&O or derivative segment are Chambal Fertilisers & Chemicals, Atul, Firstsource Solutions (FSL), Whirlpool of India, SBI Cards and Payment Services (SBI Card), Laurus Labs, Birla Soft and Gujarat State Petronet.

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“Members are hereby notified that the futures and options contracts on following 8 additional securities would be available for trading w.e.f. October 29, 2021, subject to fulfilment of eligibility criteria of Quarter sigma computation cycle of October 2021,” according to an NSE statement. 

Individually, Chambal Fertilisers surged most among its peers which will be making a cut to the F&O, rising by around 14 per cent, followed by Firstsource Solutions, which was up 9 per cent, while Atul and Whirlpool gained over 7 and 6 per cent on the BSE intraday. Among these four, Chambal Fertilisers and Atul shares hit a new 52-week high today.

Similarly, SBI Cards, Laurus Labs, Birla Soft and Gujarat State Petronet gained between 4.5 per cent on the BSE intraday today. 

At the market close, Chambal gained near 11 per cent, followed by Firstsource which was up around 7 per cent, Atul up over 6 per cent and Whirlpool ended over 5 per cent higher. While SBI Cards, GSPL, Laurus Lab and Birla Soft gained between 3-4.5 per cent at the session end on Thursday. 

In F&O segment, no price bands are applicable on scrips on which derivative products are available. However, to prevent members from entering orders at non-genuine prices in such securities, the Exchanges have fixed operating range of 10 per cent. 

When the price approaches these levels, the limits are relaxed further. There is currently a cooling period of 15 minutes before new limits are added for F&O stocks. The move expected to boost participation as investors and institutions can hedge underlying positions in the stock.