NSE allows F&O trading in 16 cos including Mahanagar Gas

Top stock exchange the NSE will admit for trading on its futures and options segment the derivative contracts in 16 companies including Mahanagar Gas, Multi Commodity Exchange Of India (MCX), Nestle India, Raymond and Fortis Healthcare, beginning April 28.
Berger Paints, Can Fin Homes, Cholamandalam Investment And Finance Company, Gujarat State Fertilisers & Chemicals, V-Guard Industries, Godfrey Phillips India, Bajaj Finserv, Mangalore Refinery And Petrochemicals, Balrampur Chini Mills, Balkrishna Industries and NBCC (India) are other companies in which futures and options trading has been allowed.
"Members are advised to note that based on the stock selection criteria and approval received from Sebi, members are hereby notified that the futures and options contracts on 16 additional securities would be available for trading with effect from April 28, 2017," NSE said in a circular today.

"The market lot, scheme of strikes and quantity freeze limit of the above mentioned securities shall be informed to members on April 27, 2017 through a separate circular," it added.
Equity derivative is a class of derivatives whose value is at least partly derived from one or more underlying equity securities.
Options and futures are by far the most common equity derivatives.