Search Now

Recommendations

Sunday, February 21, 2010

NSE inducts 11 new securities in F& O


The National Stock Exchange (NSE) has decided to include 11 additional securities in its futures & options (F&O) segment with effect from February 19, 2010. The announcement was made by NSE vide a circular issued after market hours on Tuesday, February 16, 2010. The new additions include Adani Enterprises, Apollo Tyres, Areva T&D India, BGR Energy Systems, Fortis Healthcare, Godrej Industries, Jain Irrigation Systems, McLeod Russel, Mundra Port & SEZ, OnMobile Global and Videocon Industries. This is the first time in nearly two years that NSE has included stocks in the derivatives segment. After the market crash of 2008, the NSE removed shares of several companies from the derivative segment as they had turned illiquid. At the peak of the stock market boom, there were nearly 225 scrips in the F&O segment of NSE. The inclusion of new stocks would take the number of stocks traded on NSE’s F&O segment from 179 to 190. This would significantly increase volume and improve market depth.