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NSE to exclude 34 stocks from F&O trading: Here's what experts have to say

34 stocks will be out of the Futures & Options (F&O) market post the June series expiry. Rajesh Baheti, MD of Crosseas Capital Services, spoke to CNBC-TV18 about the exclusion.

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By Prashant Nair  April 23, 2019, 1:35:49 PM IST (Published)

NSE to exclude 34 stocks from F&O trading: Here's what experts have to say
34 stocks will be out of the Futures & Options (F&O) market post the June series expiry. Rajesh Baheti, MD of Crosseas Capital Services, spoke to CNBC-TV18 about the exclusion.


Baheti said that there was some report by Sebi that said that the F&O segment is getting too big and there was a need to control it.

“I do not know why that should be an issue because if we are going to moral police, the investing public saying this is what you should be doing and this is what you ought not to be doing then Sebi can make a model portfolio and tell everybody to invest in it,” Baheti said on Tuesday.

Talking about the exclusion, Baheti said, “As long as the sector is behaving itself, there are no manipulations, there are no wrongdoings, you shouldn’t be worried about what size is getting bigger than the other.”

“The study itself was flawed because it took all options at strike plus premium value to arrive at market shares,” he added.

On the global market front, he said, “We are pretty much okay on par with the rest of the world, also remember in the rest of the world a lot of derivatives get traded OTC, they are off the exchange. In India, everything goes through the exchange. So some of the derivative volumes abroad also get traded out of the markets which do not get counted in the official statistic.”
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