BSE to drop Dena Bank, Vijaya Bank from F&O segment

No contracts shall be available for trading in the above mentioned securities with effect from Nov 29, 2013

Leading bourse BSE today decided to remove scrips of Dena Bank and Vijaya Bank from its Future & Option list.

Yesterday, NSE had announced that it would drop stocks of the mid-size state-run lender Dena Bank and Bangalore-based public sector lender Vijaya Bank from its derivative contracts from November 29.

In a circular, BSE said both stocks would be excluded from F&O contracts from November 29.

Hence, existing unexpired contracts of expiry months September, October and November would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months, the exchange said.

"Accordingly, no contracts shall be available for trading in the above mentioned securities with effect from November 29, 2013," BSE noted.

Meanwhile, all banking stocks were under pressure today after Reserve Bank of India hiked repo rate by 25 bps to 7.5%. The Bank Nifty crashed 531 points or 4.18% to close at 12,697.83 points.

 Shares of Vijaya Bank plunged by 5.35% to settle at Rs 38.90 on the BSE, while Dena Bank tumbled 7.59% to close at Rs 49.90 on the bourse.