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Our Bureau

Mumbai, Aug. 21 The new 39 counters that entered the derivative segment today lost between two per cent and seven per cent.

The NSE last week had announced that it would include 39 more stocks in its F&O segment from today, bringing the total number of stocks traded to 267.

Among the stocks that took a dip today were ABG Shipyard (5.49 per cent), Balaji Telefilms (4.15 per cent), Indiabulls Real Estate (7.36 per cent), GVK Power & Infrastructure (5.09 per cent), Mercator Lines (4.72 per cent), Reliance Industrial Infrastructure (6.7 per cent), UCO Bank (5.82 per cent) and Voltamp Transformers (5.63 per cent).

“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. And the day that they are available for trade, people will book profits. This is what happened today as well,” said the head of institutional derivatives at a stock broking firm.

According to the BSE Web site, these stocks were also among the most actively-traded stocks during the day. KS Oils, Mercator Lines, Noida Toll Bridge Company, Core Projects and Technologies, Dish TV and GTL Infrastructure were among the stocks with the highest volumes traded on the BSE today. The volumes traded in these 39 stocks have been quite high since the announcement of their inclusion in the F&O segment, a week ago.

“It’s a welcome step to see more and more stocks in derivatives segment from a broker’s perspective. It would help investors and traders to create leverage long positions in these stocks without depending upon the margin funding book of any broker. Also, it would be possible to create short position in these stocks in case anyone feels that market price is more than the value and they expect the stock to correct. Options on these stocks, if liquid, could throw many trading or hedging strategies,” said Mr Sandeep Singal, Co-Head Institutional Derivatives Business, Emkay Global Financial Services.

GTL Infrastructure saw 29.58-lakh shares added to its open interest on the first day of its inclusion in F&O segment. Others that witnessed a large number of shares added to its open interest were GVK Power & Infrastructure, Mercator Lines, KS Oils, Indiabulls Real Estate and UCO Bank.

Of the 39 stocks, there was no trading in counters such as Container Corporation of India, HCL Infosystems and Thermax.

More Stories on : Derivatives Markets | Stock Markets

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