The National Stock Exchange (NSE) on February 19 announced the addition of the futures and options (F&O) contracts of Tata Technologies and IREDA stocks from February 28 onwards.
In a circular released on February 19, NSE said that investors will be able to participate in F&O contracts of the two securities as the March series begins, following the expiry of the ongoing February series on February 27.
During the February series, six securities were added to the F&O segment, after the expiry of the January series. Castrol India, Gland Pharma, NBCC, Phoenix, Solar Industries India and Torrent Power were the six counters that were added.
The addition of Tata Tech and IREDA has received approval from market regulator SEBI, the NSE said.
The exchange added that the market lot and scheme of strikes of the securities shall be informed to members on February 27 through a separate circular. Further, the details of the applicable quantity freeze shall be available in the contract file which shall be applicable for trading on February 28.
Analysts have previously said that inclusion in the derivatives segment can significantly enhance trading volumes and price discovery for these stocks. The shares of the two companies were trading in the green on February 20. Tata Tech shares were up nearly 2 percent to trade at Rs 742.55, while those of IREDA where up nearly 1 percent to trade at Rs 172.
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