New Delhi: The National Stock Exchange (NSE) has announcedthat it will exclude nine stocks from the futures and options segment witheffect from September 27. The nine stocks to be excluded are Arvind Limited,Birlasoft Limited, Engineers India Limited, Hindustan Zinc Limited, IDBI BankLimited, Kajaria Ceramics Limited, Multi Commodity Exchange of India Limited,Oracle Financial Services Software Limited and Raymond Limited, NSE said.

“This  is  in reference  with  SEBI Circular dated  April  11, 2018 regarding  Review  of Framework  for  Stocks in  Derivatives  Segment which states that  after a period  of  one year  from  the date  of the circular,  only those  stocks  which meet  the  enhanced eligibility criteria shall remain inderivatives segment” an NSE circular read.