Suzlon Energy and Gujarat Flurochemicals are trading lower by over 2% each after the National Stock Exchange decided to exclude these stocks from the future and options (F&O) segment from March 1.
“The contracts for new expiry months in Suzlon Energy and Gujarat Flurochemicals will not be issued on expiry of existing contract months,” NSE said in a circular dated December 18.
However, the existing unexpired contracts of expiry months December 2012, January 2013 and February 2013 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months, it added.
Meanwhile, these two securities will not be available for transactions in Securities Lending & Borrowing Scheme (SLBS) from March 1, it added.
Gujarat Flurochemicals has dipped almost 5% at Rs 314, while Suzlon Energy is trading lower by 2.2% at Rs 18.10 on the NSE.