NSE to drop Indian Hotels, Raymond from F&O segment
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NSE to drop Indian Hotels, Raymond from F&O segment

Last Updated: Thursday, July 18, 2013, 21:06
 
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NSE to drop Indian Hotels, Raymond from F&O segment
Mumbai: The National Stock Exchange (NSE) on Thursday said it will exclude Indian Hotels Company and Raymond from its derivative segment.

In a circular, the exchange said trading in Futures & Options (F&O)segment for these two securities would not be available with effect from September 27, 2013.

"...No contracts shall be available for trading in the securities (Indian Hotels Company and Raymond) with effect from September 27, 2013," the NSE said.

However, the existing unexpired contracts of expiry months for July, August and September would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months.

For a stock to remain in the derivatives segment, it needs to retain a minimum market-wide position limit (MWPL) - which measures participation in a stock derivative- of Rs 200 crore, according to norms.

Besides, the scrip's median quarter-sigma order size over the last six months should be more than Rs 5 lakh for a period of continuous three months.

PTI



First Published: Thursday, July 18, 2013, 21:06


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