Gujarat Fluorochemicals has been excluded from futures and options (F&O) segment by National Stock Exchange (NSE) which will take effect from March 01, 2013. The exchange would however make available the December, January and February month series available for trading.
Earlier in July, Securities and Exchange Board of India (SEBI) tweaked the eligibility criteria for trading in derivative segment. As per the new amendments, the minimum trading volume value has been hiked to Rs 10 lakh and market wide position limit or market capitalization of Rs 300 crore.
The numbers of stock available for F&O has declined to 151 from over 220 following the new amendments.