BSE, NSE to launch F&O series in 15 companies from Mar 31

Leading bourses BSE and NSE will introduce futures and options (F&O) contracts in 15 companies including InterGlobe Aviation and Indian Bank from next week.
The other firms are -- PVR, Equitas Holdings, Reliance Defence and Engineering, Muthoot Finance, Capital First, Suzlon Energy, Infibeam Incorporation, Escorts, Ujjivan Financial Services, Piramal Enterprises, Shree Cements and Max Financial Services.
In separate circulars, the exchanges said these 15 "securities shall be available for trading in equity derivatives segment with effect from March 31, 2017".
Currently, there are over 200 securities available in the F&O segment for trade.
In July 2015, markets regulator Sebi had made a steep hike in the minimum investment size for any equity derivative product to Rs 5 lakh from Rs 2 lakh. Besides, the minimum lot size of an equity derivative contract had been increased to Rs 5 lakh.

A derivative is a security derived from a debt instrument, share, loan, whether secured or unsecured, or any other form of security. It also derives its value from the prices, or index of prices, of underlying securities.