 "BSE, NSE to launch F&O series in 16 cos from April 28")
Leading bourses BSE and NSE will introduce futures and options (F&O) contracts in 16 companies including Fortis Healthcare, Mahanagar Gas and Multi Commodity Exchange of India from next week.
The other firms are — NBCC India, Berger Paints, Can Fin Homes, Cholamandalam Investment and Finance Company, Gujarat State Fertilizers & Chemicals, Nestle India, Godfrey Phillips India, Bajaj Finserv, Mangalore Refinery and Petrochemicals, Balrampur Chini Mills, Raymond, Balkrishna Industries and V- Guard Industries.
In a circular, BSE said these 16 securities will be available for trading in equity derivatives segment with effect from April 28.
Separately, NSE said that F&O contracts will be available for trading in these companies.
Currently, there are over 200 securities available in the F&O segment for trade.
In July 2015, markets regulator Sebi had made a steep hike in the minimum investment size for any equity derivative product to Rs 5 lakh from Rs 2 lakh. Besides, the minimum lot size of an equity derivative contract had been increased to Rs 5 lakh.
A derivative is a security derived from a debt instrument, share, loan, whether secured or unsecured, or any other form of security.
