Stock exchange vide circular dated 30 April Announced inclusion of MPHAISIS , PNB housing finance and LT infotech FROM may 31 in F&O but today on 28 May there is another circular saying it has been withdrawn !
very strange .
since i am not very familiar with data of F&O scrip , did it happen first time or happened before too ?
Glad they done that, all these new illiquid scrips in the futures segment would have created more mess for the traders.
Yes, about a year ago during the bull market rush, they added too many illiquid scrips into the futures segment and now removing them all from coming July.
but this is different . adding to FnO and after some months removing is normal process but how do you explain issuing a circular ON 30 APRIL that these 3 scrip will be part of F&O from 31 MAY AND after almost a month and just 2 days before the scheduled date withdrawing the circular !
Firstly it was difficult to believe that such highly illiquid stocks were included in FnO, and now this sudden reversal of their own circular, must be high on something
not sudden , it took them 28 days to issue another circular withdrawing the previous one !
Very soon get ready to trade in derivatives market from 9:15am to 11:55pm… More changes have been initiated in fpi disclosure norms, neft transfer timing increase etc…
Even cash segment settlement should be T plus 1 in place of T PLUS 2 ,which sebi is advocating very hard but brokers are not ready for it due to infrastructural and banking/ net transfer issues.
Derivatives timings about to change? as you mentioned?