Sintex Industries, NIIT Technologies gain on F&O inclusion
Sintex Industries has rallied 9% to RS 82.70 on the NSE on back of heavy volumes
 "Sintex Industries, NIIT Technologies gain on F&O inclusion")
Sintex Industries and NIIT Technologies have rallied by up to 9% on the National Stock Exchange (NSE) after the exchange announced inclusion of these two stocks in the futures and options (F&O) segment with effect from July 1.
The market lot, scheme of strikes and quantity freeze limit of the above mentioned securities shall be informed to members on June 30, 2016 through a separate circular, NSE said in a circular. NSE LINK
Stocks of the F&O segment do not attract circuit filters and generally see improvement in liquidity and participation from institutional investors.
Among the individual stocks, Sintex Industries rallied 9% to Rs 82.70 on back of heavy volumes. The trading volumes on the counter almost doubled with a combined 3.99 million shares changed hands on the NSE and BSE in first 20 minutes of trading.
NIIT Technologies was trading 1% higher at Rs 570 after hitting a high of Rs 587 on the NSE in early morning trade. A combined 145,201 shares changed hands on the counter so far.
The market lot, scheme of strikes and quantity freeze limit of the above mentioned securities shall be informed to members on June 30, 2016 through a separate circular, NSE said in a circular. NSE LINK
Stocks of the F&O segment do not attract circuit filters and generally see improvement in liquidity and participation from institutional investors.
Among the individual stocks, Sintex Industries rallied 9% to Rs 82.70 on back of heavy volumes. The trading volumes on the counter almost doubled with a combined 3.99 million shares changed hands on the NSE and BSE in first 20 minutes of trading.
NIIT Technologies was trading 1% higher at Rs 570 after hitting a high of Rs 587 on the NSE in early morning trade. A combined 145,201 shares changed hands on the counter so far.