BSE and NSE will introduce as many as 14 companies, including Oil India, Britannia Industries and Bharat Electronics, to the futures and options segment from May 29.
Besides, CEAT, Bajaj Finance, Amara Raja Batteries, Castrol India, Pidilite Industries, Page Industries, South Indian Bank, Ajanta Pharma, Dewan Housing Finance Corp, Kaveri Seeds Company and SRF will also become part of the derivatives play.
In separate circulars, the exchanges said futures and options (F&O) contracts on these 14 additional securities will be available for trading effective May 29, 2015.
Currently, there are over 200 securities available in the F&O segment for trade.
For inclusion in the derivatives segment, the stock’s market-wide position limit (MWPL), the total number of contracts a trader may have active at one point of time for a given underlying, should be Rs 300 crore, other than other criteria.
Besides, the minimum order requirement for a stock to be eligible for introduction in the derivatives segment should be Rs 10 lakh.