Zomato, Paytm Added To NSE’s F&O Stocks

About two months after the Securities and Exchange Board of India (SEBI) altered the eligibility criteria for futures and options (F&O) stocks, the NSE has added new-age tech stocks Delhivery, Jio Financial Services, Paytm, Nykaa, PB Fintech and Zomato to the segment.

The aforementioned stocks are a part of a list of 45 companies, including NHPC, Tata Elxsi, Union Bank of India, LIC and Angel One, which will be added to the F&O segment from November 29. 

The NSE said that the market lot, scheme of strikes and quantity freeze limit of the stocks will be shared on November 28 via a separate circular. 

On August 30, SEBI formulated a new criteria to ensure that only stocks with “sufficient market activity” are a part of the derivatives segment. The markets regulator revised stock’s market wide position limit (MWPL) from INR 500 Cr to INR 1,500 Cr. Further, the threshold revisions also included revisions in median quarter sigma order size, and average daily delivery value (ADDV) in the cash market.

The framework revisions were done after a period of six years with an intent to attract higher liquidity and more quality stocks to the derivatives segment by implementing stricter requirements. 

With the move, the segment will see the entrance of new-age tech companies at a time when the number of tech listings are on the rise in the country. For instance, foodtech major Swiggy made its public market debut today, after an IPO of over INR 11,000 Cr. 

Besides Swiggy, 10 new-age tech companies, including ixigo, Ola Electric, Unicommerce, among others, have gone public so far this year. Meanwhile, the IPO of logistics unicorn BlackBuck opened today.

Others like Ather Energy, MobiKwik and Smartworks are also in the queue to go public over the next few months.