Oil India, Britannia to step on to F&O turf from May 29

Image
Press Trust of India New Delhi
Last Updated : May 29 2015 | 2:28 PM IST
Leading stock exchanges BSE and NSE will introduce as many as 14 companies, including Oil India, Britannia Industries and Bharat Electronics, to the futures and options segment from May 29.
Besides, CEAT, Bajaj Finance, Amara Raja Batteries, Castrol India, Pidilite Industries, Page Industries, South Indian Bank, Ajanta Pharma, Dewan Housing Finance Corp, Kaveri Seeds Company and SRF will also become part of the derivatives play.
In separate circulars, the exchanges said futures and options (F&O) contracts on these 14 additional securities will be available for trading effective May 29, 2015.
Currently, there are over 200 securities available in the F&O segment for trade.
For inclusion in the derivatives segment, the stock's market-wide position limit (MWPL), the total number of contracts a trader may have active at one point of time for a given underlying, should be Rs 300 crore, other than other criteria.
Besides, the minimum order requirement for a stock to be eligible for introduction in the derivatives segment should be Rs 10 lakh.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 29 2015 | 2:28 PM IST

Next Story