NSE Imposes 15% Additional Margin on 18 F&O Stocks from March 2026 Series

The National Stock Exchange (NSE) has introduced an additional 15% exposure margin on equity derivatives for 18 select stocks, effective from the March 2026 futures and options (F&O) series. This follows a circular issued on February 18, 2026. The measure targets stocks where the top 10 clients collectively hold more than 20% of the Market Wide Position Limit (MWPL), based on three-month rolling data. The exchange will review this monthly and apply the higher margin if a stock already faces surveillance measures. The goal is to curb risks from concentrated positions in the derivatives market. The affected stocks include:

dea SAIL (Steel Authority of India) Bandhan Bank Aurobindo Pharma Glenmark Pharmaceuticals NMDC Manappuram Finance Aditya Birla Capital Container Corporation of India (CONCOR) Crompton Greaves Consumer Electricals JSW Energy LIC Housing Finance NBCC (India) Patanjali Foods Sammaan Capital Indus Towers