Six new stocks to be added in Futures and Options market; Anil Singhvi gives his take
In the futures and options (F and O) space, the number of stocks has been increasing and that is acting as a trigger for the markets. Five stocks were introduced earlier and now six more have come on Tuesday. Zee Business Managing Editor Anil Singhvi calls this a welcome move and said that the bigger the family the better it is
In the futures and options (F and O) space, the number of stocks has been increasing and that is acting as a trigger for the markets. Five stocks were introduced earlier and now six more have come on Tuesday. Zee Business Managing Editor Anil Singhvi calls this a welcome move and said that the bigger the family the better it is.
He said that he would have been happy to see more liquid stocks in which more people want to trade and in those stocks which have a higher holding by the Foreign Institutional Investors (FIIs).
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Some of the criteria for including a stock in the F and O space is that the stocks should be liquid, should have a sizeable market cap and must be free float. Another criterion that should be put is the institutional holdings.
This is because they are used for the purpose of hedging and institutions do more hedging.
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F&O में शामिल होंगे 6 और शेयर
अनिल सिंघवी की राय: SEBI और एक्सचेंज ज्यादा FIIs और फंड्स की होल्डिंग वाले शेयरों को भी F&O में शामिल करें ताकि लिक्विडिटी बढ़े और फंड्स की भागीदारी भी#EditorsTake #SEBI @AnilSinghvi_ @SEBI_India @NSEIndia @BSEIndia @ashishchauhan @vikramlimaye pic.twitter.com/McH1Vg4X7k
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He said that he wished DMart was included in the F and O market and he said that he does not know why this stock has still not found a space in this segment. It is a liquid stock with high profitability. He said that until this tock is a part of F and O, it cannot become an index stock.
11 stocks will be added from the next series.
NSE will add 6 stocks to the F and O segment from March series, the exchange has said in a notification released on Tuesday. The stocks to be included are Alembic Pharmaceuticals, City Union Bank, Granules India, Gujarat Gas, L&T Technology Services and Mphasis. The futures and options contracts on these six securities would be available for trading with effect from 26 February, the exchange said.
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