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Our Bureau

Mumbai, Aug. 13 While the Sensex dipped more than 100 points today, the 39 scrips that will be included in the futures and options (F&O) by the end of August surged today. It was announced on Tuesday that 39 scrips would be added to the F&O segment from August 21, 2008. With the inclusion of these stocks, a total of 267 scrips will be traded on the NSE’s F&O segment.

Some of the stocks to be included are ABG Shipyard, Akruti City, Everonn, GTL Infra, Reliance Industrial Infrastructure, Torrent Power, TV-18, UCO Bank and Thermax Ltd. The share prices of these scrips went up between 3 and 15 per cent.

“This is the general tendency of investors. Whenever there is an announcement of new stocks to be added to the F&O segment. People will start building up their positions as soon as people get to know of such developments,” said Mr Sanjay Someshwar, a sub-broker with Ventura Securities.

ABG Shipyard was up 5.09 per cent, Core Project and Technologies (10.87 per cent), Dish TV (10.28 per cent), Gujarat State Petroleum (5.47 per cent), Firstsource Solutions (7.57 per cent), Noida Toll Bridge (15.51 per cent), KS Oils (10.05 per cent), Reliance Industrial Infrastructure (5 per cent), Torrent Power (7.92 per cent) and Walchandnagar Industries jumped 5 per cent.

Volumes traded in these stocks have also increased today, said Mr Viral Mehta, Manager-F&O at Mehta Equities.

He also said that volumes on these stocks would remain higher for another week. These stocks were amongst the most-traded according to the BSE Web site.

“Investors will build positions in these stocks till August 21, and then on that day, there will be a lot of profit booking in these stocks,” said Mr Alex Mathew, Head of Research at Geojit Financial Services.

Marketmen expect these stocks to go up to 15 per cent in the next one week.

Mr Mathew said that he recommended these stocks to his clients, as he expects an uptrend trend in the next one week.

Investors are drawn to stock futures as there is a lot of liquidity and there can be widespread speculation, said marketmen.

“Stock futures attracts a lot of investors also because there are no circuit filters, due to which investors can make large gains in a single day,” said Mr Mehta.

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