Unitech shares tumble 6% on exclusion from F&O segment

Shares of realty major Unitech plunged 6 per cent today as BSE and NSE will drop the company from the futures and options segment from July 29.
The stock tumbled 5.59 per cent to Rs 3.88 on BSE.
At NSE, it slipped 6 per cent to Rs 3.85.
On the volume front, 55.15 lakh shares of the company were traded at BSE and over two crore shares changed hands at NSE during the morning trade.
However, the existing contracts for May, June and July will continue to be available for trading till their respective expiry and new option strikes will also be introduced in the existing contract months.

In two separate circulars, the exchanges said yesterday no contracts will be available for trading in the above mentioned security with effect from July 29, 2016.
At present, there are over 200 securities available in the F&O segment for trade.