NSE permits 5 co.s to trade in F&O segment

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The National Stock Exchange (NSE) have permitted the five companies namely RBL Bank Limited, Hindustan Construction Company, Kajaria Ceramics, National Aluminium Company and Ramco Cements to trade on its futures and options segment from May 26, 2017.
The five companies fulfilled all the eligibility criteria to enter into the F&O segment and also got the nod from the market watchdog, SEBI.

The market lot, the scheme of strikes and quantity freeze limit of the five company stocks would be announced on May 25, 2017, reported the leading national business daily.

The eligibility criteria for inclusion of scrips in the F&O segment is as under:

1.The stock is chosen from amongst the top 500 stocks in terms of average daily market capitalization and average daily traded value in the previous six months on a rolling basis.

2.The stock’s median quarter sigma order size over the last six months should not be less than Rs 5 lakh.

3.The market wide position limit (MWPL) in the stock should not be less than Rs 100 crore.

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