Description

NSE introduces F&O contracts on six new individual securities including Adani Power, Cochin Shipyard, Hyundai Motor India, Motilal Oswal Financial Services, Nippon Life India AMC, and Vishal Mega Mart, effective April 01, 2026.

Summary

NSE has notified members of the introduction of futures and options contracts on six individual securities effective April 01, 2026. The addition is based on SEBI’s stock selection criteria (SEBI circular SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024) and is subject to fulfilment of eligibility criteria under the Quarter sigma computation cycle of March 2026.

Key Points

  • Six new securities — ADANIPOWER, COCHINSHIP, HYUNDAI, MOTILALOFS, NAM-INDIA, and VMM — will be available for F&O trading from April 01, 2026.
  • Inclusion is conditional on satisfying the Quarter sigma computation cycle eligibility criteria for March 2026.
  • Market lot sizes and strike schemes for these securities will be communicated via a separate circular on March 30, 2026.
  • Quantity freeze details will be available in the contract file applicable from April 01, 2026.
  • Members must load the updated contract.gz and NSE_FO_contract_ddmmyyyy.csv.gz files before trading on the effective date.

Regulatory Changes

The introduction is pursuant to SEBI circular no. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024, which prescribes stock selection criteria for inclusion in the derivatives segment. SEBI approval has been received for these six securities.

Compliance Requirements

  • Members must update their trading applications with the revised contract files (contract.gz and NSE_FO_contract_ddmmyyyy.csv.gz) from the Extranet server directory faoftp/faocommon before April 01, 2026.
  • Members can also access the MII contract file (NSE_FO_contract_ddmmyyyy.csv.gz) on the NSE website under the all-reports-derivatives section.
  • Members should monitor the separate circular expected on March 30, 2026 for market lot and strike scheme details.

Important Dates

  • March 09, 2026: Circular issued notifying members of new F&O contracts.
  • March 30, 2026: Separate circular to be issued with market lot sizes and strike scheme details.
  • April 01, 2026: F&O contracts on all six securities become available for trading (subject to Quarter sigma eligibility).

Impact Assessment

The addition of these six securities to the F&O segment — spanning power (Adani Power), shipbuilding (Cochin Shipyard), automotive (Hyundai Motor India), financial services (Motilal Oswal), asset management (Nippon Life India AMC), and retail (Vishal Mega Mart) — broadens the derivatives market across multiple sectors. Traders and institutional investors gain new instruments for hedging and speculation. Members face an operational requirement to update trading systems before the effective date. The eligibility condition tied to the March 2026 Quarter sigma cycle introduces a small risk of last-minute exclusion for any of the named securities.

Impact Justification

Addition of six new securities to the F&O segment significantly expands trading and hedging opportunities; directly affects members' trading systems and requires contract file updates before April 01, 2026.