United Spirits, 6 others to get into BSE F&O segment

Top stock exchange BSE will allow equity derivative trading in seven companies, including United Spirits, PC Jeweller and Tata Elxi, from February 26.
Cummins India, Indo Count Industries, KPIT Technologies and Granules India will also be included on the BSE's Futures and Options (F&O) segment.
"Trading members are requested to note that futures and options contracts for below mentioned underlying securities shall be available for trading in equity derivatives segment with effect from February 26, 2016," BSE said in a circular.
Currently, BSE provides trading in Futures and Options contracts on nine major indices.
F&O segment provides trading in derivatives instruments like index futures, index options and stock options.

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.
Leading stock exchange NSE will also introduce these seven companies in F&O from February 26.