Description
NSE introduces futures and options contracts on GE Vernova T&D India Limited (GVT&D) and Radico Khaitan Limited (RADICO), available for trading from May 27, 2026, subject to eligibility criteria.
Summary
NSE is introducing futures and options (F&O) contracts on two individual securities — GE Vernova T&D India Limited (GVT&D) and Radico Khaitan Limited (RADICO) — based on SEBI’s stock selection criteria (circular SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024). Trading in these contracts will commence from May 27, 2026, subject to fulfilment of eligibility criteria of the Quarter Sigma computation cycle of May 2026.
Key Points
- F&O contracts on GVT&D (GE Vernova T&D India Limited) and RADICO (Radico Khaitan Limited) will be available for trading from May 27, 2026
- Introduction is based on SEBI’s stock selection criteria and SEBI approval
- Market lot sizes and strike schemes will be communicated via a separate circular on May 26, 2026
- Applicable quantity freeze details will be available in the contract file for trading on the effective date
- Members must load the updated contract.gz and NSE_FO_contract_ddmmyyyy.csv.gz files before trading on May 27, 2026
Regulatory Changes
The addition of these two securities to the F&O segment is in accordance with SEBI circular SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024, which prescribes the stock selection criteria for derivatives trading.
Compliance Requirements
- Members must update their trading applications with the latest contract.gz and NSE_FO_contract_ddmmyyyy.csv.gz files before trading on May 27, 2026
- Contract files can be obtained from the directory faoftp/faocommon on the Extranet server
- MII contract file (NSE_FO_contract_ddmmyyyy.csv.gz) is also accessible on the NSE website under the all-reports-derivatives section
- Eligibility subject to Quarter Sigma computation cycle of May 2026 being fulfilled
Important Dates
- May 11, 2026: Circular issued
- May 26, 2026: Separate circular to be issued with market lot sizes and scheme of strikes
- May 27, 2026: F&O contracts on GVT&D and RADICO available for trading (subject to eligibility)
Impact Assessment
The introduction of F&O contracts on GVT&D and RADICO expands hedging and speculative trading opportunities for market participants in these two securities. Traders and institutional investors in GE Vernova T&D India Limited and Radico Khaitan Limited will gain access to derivative instruments, improving price discovery and risk management. Members need to take operational steps to update contract files prior to the effective date to ensure seamless trading.
Impact Justification
Introduces F&O trading on two new securities effective May 27, 2026, expanding derivative market access; directly relevant to traders and members dealing in these securities.