Description
NSE introduces futures and options trading for Nuvama Wealth Management Limited and Suzlon Energy Limited effective August 1, 2025.
Summary
NSE will introduce futures and options contracts for two individual securities - Nuvama Wealth Management Limited (NUVAMA) and Suzlon Energy Limited (SUZLON) - starting August 1, 2025. The contracts will have specific lot sizes, strike schemes, and expiry dates as detailed in the circular.
Key Points
- NUVAMA will have a lot size of 75 shares
- SUZLON will have a lot size of 8,000 shares
- Futures contracts will have the same tick size as underlying securities in Cash Market
- Options contracts will have a tick size of ₹0.05
- Detailed strike schemes provided for both narrow and wide ranges
Regulatory Changes
Introduction of new derivative instruments for two securities that were previously not available for F&O trading. Members must update their trading systems with new contract files.
Compliance Requirements
- Members must load updated contract.gz and NSE_FO_contract_ddmmyyyy.csv.gz files before trading
- Contract files available from faoftp/faocommon directory on Extranet server
- Alternative access via NSE website derivatives reports section
- Quantity freeze limits will be specified in contract files
Important Dates
- August 1, 2025: Trading commencement date
- August 28, 2025: First expiry (Thursday)
- September 30, 2025: Second expiry (Tuesday)
- October 28, 2025: Third expiry (Tuesday)
Impact Assessment
Moderate impact as it expands derivative trading options for two specific securities. NUVAMA represents wealth management sector while SUZLON provides exposure to renewable energy sector. The large lot size difference (75 vs 8,000) reflects significant price variations between the two underlying securities. Enhanced liquidity and hedging opportunities expected for these stocks.
Impact Justification
New derivative instruments provide additional trading opportunities but limited to two specific securities