 "5 cos to move out of BSE F&O segment frm Nov")
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Leading stock exchange BSE today said it will exclude stocks of five companies, including Punj Lloyd and Shree Renuka Sugars, from its derivative segment from November.
Among other companies that would be dropped from Futures and Options segment are Chambal Fertilizers & Chemicals Ltd, Gujarat State Petronet Ltd and Opto Circuits (India) Ltd.
In a circular, the exchange said trading in derivative contracts for these five securities would not be available with effect from November 1, 2013.
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It further said that existing unexpired contracts for August, September and October would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months.
In 2012, market regulator Sebi had hiked the benchmark liquidity level for any scrip to be eligible for trading in the derivatives segments, a move aimed at checking any manipulation by doing away with illiquid stocks.
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