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Future Retail has dipped nearly 5% to Rs 75.55 after the National Stock Exchange (NSE) decided to remove the stock from future and options (F&O) contract from January 31, 2014 onwards.
The stock opened at Rs 78.45 and touched a low of Rs 75.20 so far on NSE. A combined 1.02 million shares have changed hands on the counter till 1015 hours.
NSE in its circular said contracts for new expiry months i.e. February onwards in the Future Retail will not be issued on expiry of existing contract months.
However, the existing unexpired contracts of expiry months November 2013, December 2013 and January 2014 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months.
Accordingly, no contracts shall be available for trading in the above mentioned security with effect from January 31, 2014, it added.
The stock opened at Rs 78.45 and touched a low of Rs 75.20 so far on NSE. A combined 1.02 million shares have changed hands on the counter till 1015 hours.
NSE in its circular said contracts for new expiry months i.e. February onwards in the Future Retail will not be issued on expiry of existing contract months.
However, the existing unexpired contracts of expiry months November 2013, December 2013 and January 2014 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months.
Accordingly, no contracts shall be available for trading in the above mentioned security with effect from January 31, 2014, it added.
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