In a circular, BSE said these 16 securities will be available for trading in equity derivatives segment with effect from April 28.
Separately, NSE said that F&O contracts will be available for trading in these companies.
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.