Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

NIFTY50 Index Rebalance Preview: Catalysts for Change

NIFTY NEXT50 Index Rebalance: More Beneath The Surface

Avenue Supermarts (DMART) - QIP, Possible OFS, and Index Impact

Event-Driven

India has one of the most liquid single stock futures markets in the world and is the <a href="https://www.bloomberg.com/news/articles/2020-01-21/india-now-has-world-s-largest-derivatives-exchange-by-volume" target="_blank" rel="noopener">largest derivatives exchange in the world by volume</a>. Volumes are driven mainly by company promoters, arbitrageurs, and speculators. With a large retail presence, inclusion in the derivatives market gives these stocks a 'halo effect'.Historically, inclusion in the Futures and Options (F&amp;O) segment has led to a rally in stock prices, while exclusion names have been sold off. Post the event, liquidity has shrunk on the names excluded from the F&amp;O segment.In this Insight, we look at the criteria that stocks need to satisfy to be included in the F&amp;O segment in India, the impact of exclusions on the stock price, at a list of possible inclusions and exclusions in the near future and some possible trades, and the implications of inclusion on <a href="https://www.smartkarma.com/entities/dmart" target="_blank" rel="noopener" data-smartkarma-citation="entities:23656:1">Avenue Supermarts (DMART IN)</a>.

India has one of the most liquid single stock futures markets in the world and is the largest derivatives exchange in the world by volume. Volumes are driven mainly by company promoters, arbitrageurs, and speculators. With a large retail presence, inclusion in the derivatives market gives these stocks a 'halo effect'.Historically, inclusion in the Futures and Options (F&amp;O) segment has led to a rally in stock prices, while exclusion names have been sold off. Post the event, liquidity has shrunk on the names excluded from the F&amp;O segment.In this Insight, we look at the criteria that stocks need to satisfy to be included in the F&amp;O segment in India, the impact of exclusions on the stock price, at a list of possible inclusions and exclusions in the near future and some possible trades, and the implications of inclusion on Avenue Supermarts (DMART IN).

ICICI Prudential Life Insurance (IPRU IN)

ICICI Lombard General Insurance Company (ICICIGI IN)

Nippon Life India Asset Management (NAM IN)

HDFC Asset Management Co Ltd (HDFCAMC IN)

India - Possible F&O Inclusions, Exclusions and Implications

Avenue Supermarts Ltd

India - Possible F&O Inclusions, Exclusions and Implications