Description

NSE introduces F&O contracts for Bajaj Holdings, Premier Energies, Swiggy, and Waaree Energies with effect from December 31, 2025.

Summary

NSE announces the introduction of Futures & Options contracts on four individual securities effective December 31, 2025. The securities are Bajaj Holdings and Investment Limited (BAJAJHLDNG), Premier Energies Limited (PREMIERENE), Swiggy Limited (SWIGGY), and Waaree Energies Limited (WAAREEENER). This circular specifies the market lot sizes, strike schemes, tick sizes, and contract file update requirements for trading members.

Key Points

  • Four new securities will have F&O contracts available from December 31, 2025
  • BAJAJHLDNG: Lot size 50, step values 100-400 depending on range
  • PREMIERENE: Lot size 575, step values 10-40 depending on range
  • SWIGGY: Lot size 1300, step values 5-20 depending on range
  • WAAREEENER: Lot size 175, step values 50-200 depending on range
  • Futures contracts will have the same tick size as underlying security in CM segment
  • Options contracts tick size: Re 0.05
  • Detailed strike schemes provided for narrow and wide ranges across near, mid, and far month contracts
  • Members must update contract files before trading on December 31, 2025

Regulatory Changes

This circular implements the framework announced in NSE circular Ref. No. NSE/FAOP/71880 dated December 18, 2025. The addition of these four securities to the F&O segment expands the universe of derivative instruments available for trading on NSE.

Compliance Requirements

  • Trading members must load the updated contract.gz and NSE_FO_contract_ddmmyyyy.csv.gz files in their trading applications before trading on December 31, 2025
  • Contract files can be obtained from the directory faoftp/faocommon on the Extranet server
  • Contract files are also available at https://www.nseindia.com/all-reports-derivatives
  • Members must note the quantity freeze limits applicable for these securities as specified in the contract file
  • Members must adhere to the strike schemes outlined in Annexure A for options trading

Important Dates

  • December 30, 2025: Circular issuance date
  • December 31, 2025: F&O contracts on the four securities become available for trading

Impact Assessment

Market Impact: The introduction of F&O contracts on these four securities provides enhanced liquidity, price discovery, and risk management tools for market participants. Bajaj Holdings is an established investment company, while Premier Energies, Swiggy, and Waaree Energies represent growing sectors (renewable energy, food delivery, and solar energy respectively).

Trading Impact: Derivatives traders and institutional investors gain new instruments for hedging, speculation, and arbitrage. The varying lot sizes (50 to 1300) reflect different price points and accessibility levels for retail and institutional participants.

Operational Impact: Trading members must ensure timely system updates to accommodate the new contracts. The strike schemes with narrow and wide ranges across different contract months provide flexibility for diverse trading strategies.

Impact Justification

Introduction of F&O contracts on four securities expands derivative trading opportunities and provides hedging instruments for investors. High importance for traders and market participants interested in these stocks.