Stocks facing cuts include: Abbott India, Health of the metropolis, Gujarat Gas, Can you find houses?, Atul, Indiamart Intermediate MeshUnited Breweries (UBL), Union City Bank, Sun Television Network, Ipca Laboratories, Granules from India, Mahanagar Petrol StationGujarat Narmada Valley Fertilizers and Chemicals (GNFC), Indian brickSyngene, IDFC and Dr. Lal Pathlabs Laboratories.
From the Exit criteria The performance-based review would be applied three months after the date of issuance of the circular, ideally the exit review should occur in December 2024, according to Nuvama’s note.
Source: Nuvama
Possible candidates for entry into F&O include: ZomatoJio Financial Services, Adani Total Gas, Rail Vikas Nigam Limited (RVNL), Yes Bank, One 97 Communications (Paytm), Life Insurance Corporation, IREDA, NHPC, Mazagon Dock, Ircon International and Hindustan Zinc, among others.
Here is the full list of actions:
ETMarkets.comSource: Nuvama
He market regulator The regulator has tweaked the entry and exit criteria for stocks in the derivatives segment through a circular issued on Friday. Under the new norms, the regulator has tripled the average quarter sigma order size (MQSOS) over the preceding six months on a rolling basis to Rs 75 lakh from the current Rs 25 lakh, citing that the average market turnover is now more than 3.5 times the figure during the last review.
The regulator also revised the market position limit of a share (MWPL) for the preceding six months to Rs 1,500 crore from the current limit of Rs 500 crore. The change comes in the wake of the market capitalisation now standing at 2.8 times since the last revision.
Read more: Sebi reviews entry and exit criteria for shares in derivatives segment
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