)
Leading stock exchanges BSE and NSE will introduce seven companies, including CEAT and Bajaj Finance, to the futures and options segment from May 29.
Besides, Amara Raja Batteries, Castrol India, Pidilite Industries and Page Industries will also become part of the derivatives segment.
"...Futures and options (F&O) contracts on these seven additional securities would be available for trading with effect from May 29, 2015," exchanges said in similar-worded circulars.
Currently, there are over 200 securities available in the F&O segment for trade.
For inclusion in the derivatives segment, the stock's market-wide position limit (MWPL), the total number of contracts a trader may have active at one time for a given underlying, should be Rs 300 crore, among other criteria.
Besides, the minimum order requirement for a stock to be eligible for introduction in the derivatives segment should be Rs 10 lakh.
