National Stock Exchange (NSE) had announced expulsion of 34 stocks from the derivatives or futures and options (F&O) segment in April. Some of the notable counters that have been expelled include Jet Airways, Reliance Power, BEML, CEAT, Syndicate Bank, IDFC, Allahabad Bank and Ajanta Pharma.
The move follows tightening of section criteria for stocks in the derivatives segment by market regulator Securities and Exchange Board of India (Sebi) in 2018.
The stock exchange said the existing unexpired contracts for the securities for the month of April, May and June will be available for trading. However, no contracts will be available