The National Stock Exchange of India (NSE) on Wednesday (May 21) announced the exclusion of futures and options (F&O) contracts on five listed securities in accordance with SEBI’s revised eligibility norms. The move will come into effect from August 1, 2025.

The impacted stocks include Aarti Industries Ltd (AARTIIND), Birlasoft Ltd (BSOFT), Hindustan Copper Ltd (HINDCOPPER), Mahanagar Gas Ltd (MGL), and Piramal Enterprises Ltd (PEL). The exchange stated that no new expiry month contracts will be introduced for these securities following the expiry of the existing ones.

However, the existing F&O contracts expiring in May, June, and July 2025 will remain available for trading until their respective expiries. The NSE also clarified that new strike prices will continue to be introduced for the currently active contract months.

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Nifty Waves Index

On May 2, the National Stock Exchange (NSE) launched the Nifty Waves index, which would track the performance of stocks that represent the Indian media, entertainment and gaming industry. The index was launched at the World Audio Visual & Entertainment Summit (WAVES) 2025, which is being held at the Jio World Centre in Mumbai from May 1-4.

Maharashtra CM Devendra Fadnavis rang the symbolic NSE bell at the summit, signalling the launch of the index. NSE Managing Director and CEO Ashish Kumar Chauhan, among others, were also present at the launch ceremony.

According to the NSE factsheet on the index, 43 stocks have been added to the Nifty Waves Index, with the media, entertainment and publication segment holding 100% weightage. The index will have a base value of 1,000.

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