United Spirits, 6 others to get into F&O turf from Feb 26

Leading bourse National Stock Exchange (NSE) will introduce seven companies, including United Spirits and PC Jeweller, in the futures and option segment from February 26.
Besides, Cummins India, Indo Count Industries, Tata Elxsi, KPIT Technologies and Granules India would become part of the derivative segment.
Futures and options contracts on these seven additional securities would be available for trading with effect from February 26, 2016, NSE said in a circular.
At present, 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), which is the total number of contracts a trader may have active at one time for a given underlying, should be Rs 300 crore, among other criteria.

Besides, minimum order requirement for a stock to be eligible for introduction in the derivatives segment should be Rs 10 lakh.
In January, the exchange had launched F&O contracts in Jet Airways, Godrej Consumer Products and Torrent Pharma, among others.