Date:19/04/2005 URL: http://www.thehindubusinessline.com/2005/04/19/stories/2005041902111300.htm

Back NSE adds 70 more stocks to F&O list

Our Bureau

Mumbai , April 18

THE National Stock Exchange (NSE) has decided to increase the number of securities in its futures and options segment in three stages. A total of 70 new securities have been added to the existing list of 53 securities.

In the first stage, 34 securities have been added in which trading will start from April 20. In the second stage, trading in 23 securities will commence from May 12 and in the final stage, 13 securities have been added in which trading will start from May 27.

Most of the securities, which have been added into the list are mid-cap stocks, which are very active in the cash segment. Some of the securities added to the list include Divis Laboratories, Essar Oil, Escorts, IFCI, Ashok Leyland and others.

According to brokers the exchange has not included several liquid securities such as SAIL (also part of Nifty Index) and Essar Steel.

Several brokers have questioned the basis of inclusion of several stocks in the list, as the liquidity in them is not very high. In this, according to brokers, are Adani Exports, Divis Laboratories, Karnataka Bank.