New eligibility criteria for the derivatives segment on National Stock Exchange will weed out 51 stocks from the tradeable futures and options (F&O) segment, starting with the October series, according to exchange regulatory SEBI.
The removal will bring down the number of stocks that can be traded in the F&O segment to 157 from 208 at present.
Among the bigger stocks that would be excluded are: Oil India , Essar Oil Limited , Jet Airways , Glaxo Smithkline Pharmaceuticals Ltd. ,HCC Ltd , and Development Credit Bank .
Shares in Jet Airways fall 4.2 percent, Essar Oil falls 2.31 percent, while HCC and Development Credit Bank decline 3.54 percent and 5.1 percent, respectively.