 "Motherson Sumi, Eicher Motors, TVS Motor gain inclusion in F&O segment")
Share prices of four out of five new entrants to the future and options (F&O) segment are trading higher by up to 4% in otherwise weak market. Addition to the F&O segment increases trader interest and boost liquidity in a stock.
Motherson Sumi Systems, Eicher Motors, TVS Motor Company and MindTree are up 1-4% on the National Stock Exchange (NSE) even as the Nifty traded 0.4% lower. SKS Microfinance however down 1% at Rs 335 at 1020 hours.
On Monday, the NSE through a circular said that F&O contracts on Eicher Motors, Motherson Sumi, SKS Microfinance, Mindtree and TVS Motor would be available starting September 10, 2014.
Among the individual stocks, Motherson Sumi Systems has rallied 4% to Rs 407 on NSE. The stock opened at Rs 393 and touched a record high of Rs 415 in intra-day deal today.
Shares of Eicher Motors are up 3% to Rs 11,263 after hitting high of Rs 11,374. TVS Motor Company is up 1.5% to Rs 227, followed by MindTree up less than 1% at Rs 1,153.
Motherson Sumi Systems, Eicher Motors, TVS Motor Company and MindTree are up 1-4% on the National Stock Exchange (NSE) even as the Nifty traded 0.4% lower. SKS Microfinance however down 1% at Rs 335 at 1020 hours.
On Monday, the NSE through a circular said that F&O contracts on Eicher Motors, Motherson Sumi, SKS Microfinance, Mindtree and TVS Motor would be available starting September 10, 2014.
Among the individual stocks, Motherson Sumi Systems has rallied 4% to Rs 407 on NSE. The stock opened at Rs 393 and touched a record high of Rs 415 in intra-day deal today.
Shares of Eicher Motors are up 3% to Rs 11,263 after hitting high of Rs 11,374. TVS Motor Company is up 1.5% to Rs 227, followed by MindTree up less than 1% at Rs 1,153.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%