 "Select stocks in demand on F&O inclusion")
Shares of nine out of 14 companies included in the future and options (F&O) segment with effect from today were trading higher by up to 6% each on the National Stock Exchange (NSE).
Page Industries (up 6% at Rs 16,095), Ceat (4.8% at Rs 791), Kaveri Seed Company (4% at Rs 928), SRF (3.5% at Rs 1,046), Ajanta Pharma (3% at Rs 1,493), Castrol India (2.6% at Rs 484), Amara Raja Batteries (2.4% at Rs 885), Pidilite Industries (2% at Rs 564) and Bajaj Finance (2% at Rs 4,519) were trading higher between 2% and 6% each on the NSE.
Bharat Electronics, South Indian Bank, Dewan Housing Finance Corporation and Britannia Industries were up less than 1% each, while Oil India was down 1.5% at 0957 hours.
“The new contracts of these fourteen companies will be available for trading in the F&O segment from May 29, 2015,” NSE had said in circular dated May 28, 2015.
When a stock moves into the F&O segment, it helps investors create short or long positions and initiate a hedging mechanism.
Typically, stocks entering the F&O segment gain ground due to improved liquidity and absence of circuit filters in the F&O segment.
Page Industries (up 6% at Rs 16,095), Ceat (4.8% at Rs 791), Kaveri Seed Company (4% at Rs 928), SRF (3.5% at Rs 1,046), Ajanta Pharma (3% at Rs 1,493), Castrol India (2.6% at Rs 484), Amara Raja Batteries (2.4% at Rs 885), Pidilite Industries (2% at Rs 564) and Bajaj Finance (2% at Rs 4,519) were trading higher between 2% and 6% each on the NSE.
Bharat Electronics, South Indian Bank, Dewan Housing Finance Corporation and Britannia Industries were up less than 1% each, while Oil India was down 1.5% at 0957 hours.
“The new contracts of these fourteen companies will be available for trading in the F&O segment from May 29, 2015,” NSE had said in circular dated May 28, 2015.
When a stock moves into the F&O segment, it helps investors create short or long positions and initiate a hedging mechanism.
Typically, stocks entering the F&O segment gain ground due to improved liquidity and absence of circuit filters in the F&O segment.
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