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SBI Life Insurance gains on entering NSE's F&O segment

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Capital Market

SBI Life Insurance Company advanced 2.46% to Rs 687.90 after inclusion in NSE's futures and options (F&O) segment from 4 May 2020.

The National Stock Exchange (NSE) notified on Tuesday, 21 April 2020, that F&O contracts on SBI Life Insurance Company would be available for trading with effect from 4 May 2020. SBI Life Insurance Company, a leading life insurance company in India, offers a range of life insurance plans and policies.

Further, NSE notified that Adani Power will be excluded from the F&O segment from July series. Accordingly, no contracts shall be available for trading in Adani Power with effect from 26 June 2020.

 

However, the existing unexpired contracts of expiry months April, May and June 2020 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months.

Adani Power was up 1.72% at Rs 32.45 on BSE. Adani Power is engaged in providing electric power generation by coal-based thermal power plants and coal trading.

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First Published: Apr 22 2020 | 2:53 PM IST

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