The National Stock Exchange (NSE) on June 15, 2026, issued circular on review of Volatility Scan Range (VSR) for Option Contracts in Commodity Derivatives Segment.
The circular issued in continuation of earlier Circular No. 0712/2026 dated May 15, 2026, and with reference to the SEBI guidelines on Review of Volatility Scan Range (VSR) for option contracts in the commodity derivatives segment, specifies the applicable VSR for July 2026. These measures are part of risk management practices to control excessive volatility in commodity options trading.
For the month of July 2026, the prescribed VSR levels for key commodities have been notified. Copper, Gold, and Zinc will have a VSR of 5%, while Silver and Natural Gas will have a slightly higher VSR of 6%. Crude Oil continues to carry a significantly higher VSR of 30%, reflecting its relatively higher price volatility in the market.
These VSR limits will apply to all option contracts on the specified commodities, including their variants, and are aimed at ensuring market stability, safeguarding participants, and aligning with SEBI’s risk management framework for commodity derivatives trading.
[Circular No: 0208 /2026]
