Several stocks saw gains on Thursday following their inclusion in the futures and options (F&O) segment on the National Stock Exchange (NSE), set to be effective from November 29. Among the stocks showing a strong uptrend were Jio Financial Services, Avenue Supermarts, BSE, Paytm, Zomato and key Adani Group companies, including Adani Green Energy and Adani Total Gas.
Jio Financial Services led the pack, climbing 5.78 percent to Rs 316.70. One 97 Communications, the parent company of Paytm, also saw a strong rise, up 4.26 percent to Rs 785.35. Food delivery and quick commerce major Zomato share price climbed as much as 4 percent to Rs 269 on the inclusion.
BSE Ltd. gained 2.30 percent, reaching Rs 4,595.05, while Avenue Supermarts, the operator of DMart retail stores, rose 1.63 percent to Rs 3,821.00.
Additionally, Adani Green Energy and Adani Total Gas added 2.22 percent and 1.86 percent, respectively.
The NSE announced yesterday the addition of 45 new stocks to its F&O segment, including prominent names like Zomato, Jio Financial Services, and Avenue Supermarts, after receiving approval from the Securities and Exchange Board of India (SEBI).
This move has spurred buying interest among investors. F&O inclusion generally boosts a stock's liquidity and attracts both institutional and retail investors, allowing for hedging and speculative trading. The additional liquidity often results in increase in trading volumes. Further, F&O inclusion also paves way for a stock inclusion in benchmark indices Nifty 50.
The exchange clarified that the market lot size, strike price range, and other specifics for the newly included stocks will be communicated in an official circular on November 28, a day before the F&O trading goes live on November 29.
Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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