Description
NSE introduces F&O contracts on eight individual securities including Adani Power, Cochin Shipyard, Force Motors, Godfrey Phillips, Hyundai Motor India, Motilal Oswal Financial Services, Nippon Life India AMC, and Vishal Mega Mart, effective April 01, 2026.
Summary
NSE is introducing Futures & Options contracts on eight individual securities effective April 01, 2026. This circular (Ref. No. 40/2026) follows earlier circulars NSE/FAOP/73205 (March 09, 2026) and NSE/FAOP/73400 (March 20, 2026), and specifies market lot sizes and strike schemes for each security.
Key Points
- Eight new securities will be available for F&O trading from April 01, 2026
- Market lot sizes vary significantly: VMM (4850), ADANIPOWER (3550), COCHINSHIP (400), MOTILALOFS (775), NAM-INDIA (625), GODFRYPHLP (275), HYUNDAI (275), FORCEMOT (25)
- Options contracts will have a tick size of Re 0.05
- Futures contracts will have the same tick size as the underlying security in the CM Segment
- Members must load updated contract files before trading on April 01, 2026
Regulatory Changes
New F&O contracts are being introduced for the following securities with specified lot sizes:
| Security | Symbol | Lot Size |
|---|---|---|
| Adani Power Limited | ADANIPOWER | 3550 |
| Cochin Shipyard Limited | COCHINSHIP | 400 |
| Force Motors Limited | FORCEMOT | 25 |
| Godfrey Phillips India Limited | GODFRYPHLP | 275 |
| Hyundai Motor India Limited | HYUNDAI | 275 |
| Motilal Oswal Financial Services Limited | MOTILALOFS | 775 |
| Nippon Life India Asset Management Limited | NAM-INDIA | 625 |
| Vishal Mega Mart Limited | VMM | 4850 |
Compliance Requirements
- Members must load the updated
contract.gzandNSE_FO_contract_ddmmyyyy.csv.gzfiles in their trading applications before trading on April 01, 2026 - Contract files are available on the Extranet server at directory
faoftp/faocommon - Contract files are also accessible on NSE website at https://www.nseindia.com/all-reports-derivatives
- Members should note the strike schemes and reserve strikes as per Annexure A for each security
Important Dates
- March 30, 2026: Circular issued
- April 01, 2026: F&O contracts on all eight securities become available for trading; members must load updated contract files before this date
Impact Assessment
This circular has high market impact as it expands the F&O universe with eight new securities spanning diverse sectors including energy (Adani Power), defence/shipbuilding (Cochin Shipyard), automotive (Force Motors, Hyundai Motor India), FMCG (Godfrey Phillips), financial services (Motilal Oswal, Nippon Life India AMC), and retail (Vishal Mega Mart). Traders and investors gain new hedging and speculative instruments. Brokers and trading members face an operational requirement to update contract files before April 01, 2026 to avoid disruptions. The varied lot sizes (25 to 4850) reflect liquidity and price considerations for each underlying security.
Impact Justification
Introduces F&O trading on eight new securities effective April 1, 2026, directly impacting derivative market participants, brokers, and traders who must update contract files before the effective date.