Dena Bank, Vijaya Bank slip after F&O exclusion

Dena Bank and Vijaya Bank fell by 1.02% to 1.95% respectively at 10:58 IST on BSE after the National Stock Exchange said it will exclude Dena Bank and Vijaya Bank from its futures and options segment.

Vijaya Bank (down 1.95%) and Dena Bank (down 1.02%), edged lower.

The S&P BSE Sensex was down 30.69 points, or 0.15% at 20,615.95.

Vijaya Bank had outperformed the market over the past one month till 19 September 2013, rising 16.27% compared with the Sensex's 12.78% rise. The scrip had, however, underperformed the market in past one quarter, sliding 20.89% as against Sensex's 7.28% rise.

Dena Bank had outperformed the market over the past one month till 19 September 2013, rising 21.08% compared with the Sensex's 12.78% rise. The scrip had, however, underperformed the market in past one quarter, falling 37.50% as against Sensex's 7.28% rise.

NSE said futures and options (F&O) contracts for new expiry months in Dena Bank and Vijaya Bank will not be issued on expiry of existing contract months. However, the existing unexpired contracts of expiry months September 2013, October 2013 and November 2013 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months. Accordingly, no F&O contracts shall be available for trading in both the securities with effect from 29 November 2013.

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