 "Strides Arcolab, Bosch, Amtek Auto gains after F&O entry")
Shares of six companies that entered the National Stock Exchange’s (NSE) futures & options (F&O) segment from today are trading higher by up to 5% in early morning deals.
Amtek Auto, Bosch, Engineers India, Strides Arcolab, Indiabulls Housing Finance and Wockhardt have gained between 1% to 5% on NSE.
"Members are advised to note that... the futures and options (F&O) contracts on six additional securities would be available for trading w.e.f. November 28,'' the NSE said in a circular on November 19.
Typically, stocks entering the F&O segment gain ground due to improved liquidity and absence of circuit filters in the F&O segment. However, only fundamentals will drive the stock in the medium and long-term.
Among the individual stocks Strides Arcolab has rallied 5% to Rs 824 on NSE. Amtek Auto and Bosch are up 3% each at Rs 214 and Rs 18,550 respectively. Wockhardt was up 2% at Rs 841, while Engineers India and Indiabulls Housing Finance are up 1% each at Rs 228 and Rs 452 respectively.
Amtek Auto, Bosch, Engineers India, Strides Arcolab, Indiabulls Housing Finance and Wockhardt have gained between 1% to 5% on NSE.
"Members are advised to note that... the futures and options (F&O) contracts on six additional securities would be available for trading w.e.f. November 28,'' the NSE said in a circular on November 19.
Typically, stocks entering the F&O segment gain ground due to improved liquidity and absence of circuit filters in the F&O segment. However, only fundamentals will drive the stock in the medium and long-term.
Among the individual stocks Strides Arcolab has rallied 5% to Rs 824 on NSE. Amtek Auto and Bosch are up 3% each at Rs 214 and Rs 18,550 respectively. Wockhardt was up 2% at Rs 841, while Engineers India and Indiabulls Housing Finance are up 1% each at Rs 228 and Rs 452 respectively.
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