As of the April 29, 2026 date, Piramal Pharma will no longer be listed on the National Stock Exchange’s (NSE) Futures & Options (F&O) segment, along with three other stocks. These firms are:
Following stocks are removed from F&O segment other than Piramal Pharma:
- Housing & Urban Development Corporation (HUDCO)
- Torrent Power
- Tata Technologies
There will be no new F&O contracts created for these stocks after April 29, 2026.
Although existing F&O contracts that expire in February, March and April will still have trading activity through their respective expiration dates, there will not be any new F&O contracts created after the last of these expirations.
Why Were They Removed?
These removals are the result of the SEBI establishing periodic eligibility criteria for stocks eligible for trading in the derivatives market. Establishing that a stock provides the liquidity and trading activity to meet the SEBI’s minimum thresholds is necessary to ensure that there is sufficient activity to provide the derivatives market can operate efficiently. A stock that has no liquidity and a lack of trading will be removed from the derivatives market in order for there to be sufficient activity and participants within the derivatives market.
Read also: Pharma Stock Surges After Promoters Sell Majority Stake
Market Reaction
Trading in short positions and hedge funds were affected by a decrease in the number of contracts traded on stock options as a result of loss of actual and implied volatility on those stocks during the past week. However, each of the stocks affected continue to be available for investors to trade through the cash equity market.
Context in Derivatives Universe
The reasoning for this move within the derivatives’ universe is to support Indian stock exchanges by providing more stringent criteria for the inclusion in the derivatives market so the stocks that are traded in the market are only those that are highly liquid in the equity market.
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