Some banks hit after futures trading exclusion

NCC, Shipping Corporation of India, South Indian Bank and Central Bank of India fall 1 to 4 percent each after the National Stock Exchange excludes their shares from futures & options trading.

The exclusion will apply from October 26, NSE says in a statement late on Tuesday.

Dealers says the move comes after India's market regulator SEBI tightened the eligibility criteria for stocks that can be traded in the F&O segment.