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NIIT Technologies, Sintex Industries firm up after F&O inclusion

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NIIT Technologies and Sintex Industries rose 0.23% to 6.32% at 9:54 IST on BSE after addition in the National Stock Exchange's futures and options segment.

Sintex Industries (up 6.32%) and NIIT Technologies (up 0.23%), edged higher.

Meanwhile, the S&P BSE Sensex was up 89.85 points, or 0.34% at 26,485.56.

The National Stock Exchange (NSE) announced that the futures and options (F&O) contracts on NIIT Technologies and Sintex Industries will be available for trading from 1 July 2016. The market lot, scheme of strikes and quantity freeze limit of the securities shall be informed to members on 30 June 2016 through a separate circular.

 

Typically, stocks that enter the F&O segment gain ground due to absence of circuit filters and increase in institutional participation due to improved liquidity.

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First Published: Jun 15 2016 | 9:51 AM IST

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