NSE to Withdraw F&O Contracts for Cyient, HFCL, NCC, and Titagarh Rail from January 2026 Expiry

The National Stock Exchange of India (NSE) has announced that futures and options (F&O) contracts for four securities Cyient Ltd, HFCL Ltd, NCC Ltd, and Titagarh Rail Systems Ltd will be discontinued effective January 2026 expiry.

NSE Circular and Regulatory Background

In a circular dated October 24, the exchange stated that no new F&O contracts will be introduced for these stocks once the existing ones expire. This decision aligns with the Securities and Exchange Board of India’s (SEBI) circular issued on August 30, 2024, which revised the eligibility criteria for stocks in the derivatives segment.

Existing Contracts to Remain Active

The NSE clarified that the current unexpired contracts for the expiry months of October 2025, November 2025, and December 2025 will remain tradable until their respective expiry dates. Additionally, new strike prices will continue to be introduced within these existing contract months.

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After the December 2025 expiry, however, F&O trading in these four securities will be completely discontinued.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.