Strides Arcolab, Bosch, Amtek Auto gains after F&O entry

Amtek Auto, Bosch, Engineers India, Strides Arcolab, Indiabulls Housing and Wockhardt are up between 1 to 5% on NSE.

Shares of six companies that entered the National Stock Exchange’s (NSE) futures & options (F&O) segment from today are trading higher by up to 5% in early morning deals.

Amtek Auto, Bosch, Engineers India, Strides Arcolab, Indiabulls Housing Finance and Wockhardt have gained between 1% to 5% on NSE.

"Members are advised to note that... the futures and options (F&O) contracts on six additional securities would be available for trading w.e.f. November 28,'' the NSE said in a circular on November 19.

Typically, stocks entering the F&O segment gain ground due to improved liquidity and absence of circuit filters in the F&O segment. However, only fundamentals will drive the stock in the medium and long-term.

Among the individual stocks Strides Arcolab has rallied 5% to Rs 824 on NSE. Amtek Auto and Bosch are up 3% each at Rs 214 and Rs 18,550 respectively. Wockhardt was up 2% at Rs 841, while Engineers India and Indiabulls Housing Finance are up 1% each at Rs 228 and Rs 452 respectively.