NSE to include EIL, 5 others in F&O segment on Nov 28
New Delhi: Leading bourse National Stock Exchange (NSE) will introduce six companies, including Engineers India Ltd and Strides Arcolab, in the future & option segment from next week.
Besides, Wockhardt, Amtek Auto, Bosch and Indiabulls Housing Finance would also be the part of the derivative segment.
"...Futures and options (F&O) contracts on these six additional securities would be available for trading with effect from November 28, 2014," NSE said in a circular.
At present, 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), which is 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, minimum order requirement for a stock to be eligible for introduction in the derivatives segment should be Rs 10 lakh.
In September, the exchange launched F&O contracts in SKS Microfinance, TVS Motor Company, Eicher Motors, Motherson Sumi Systems and Mindtree.