Explained: Why DMart has not made it to Nifty

A question that has been on the minds of a lot of investors is why DMart hasn’t made it to the futures and options market (F&O) yet. In the past few months, NSE has been adding a lot of stocks to the F&O segment, thanks to the recent bull market run, which pushed a lot of stocks above the eligibility threshold. NSE has four parameters for a stock, which need to be met for it to make it to the F&O market. DMart fulfills all the requirements by a big margin, which then raises a question as to why then has DMart been left out?

1) The stock needs to be among the top 500 with respect to its market capitalisation.

2) The median quarter sigma size of orders for the stock (the order size to move the stock by a particular amount) should be above Rs 25 crore.