360 ONE WAM, Amber Enterprises, KFin Technologies and PG Electroplast scrips have been introduced in the F&O segment from today. Earlier on Monday, the National Stock Exchange (NSE) announced that it will launch F&O contracts for four stocks, pending fulfillment of eligibility criteria under the quarter sigma computation cycle.
On the development, 360 ONE WAM scrip traded higher by over 3 per cent, Amber Enterprises was up 1.5 per cent, KFin Technologies up 2.6 per cent and PG Electroplast up 0.6 per cent.
As of now, the F&O segment includes 200 scrips and with the addition of new stocks, traders as well as investors will have more opportuntities for speculation and hedging. Importantly, SEBI’s strict guidelines are complied with for the selection of stocks under the F&O segment. These include average market capitalization and trading activity that is computed on a six-month rolling basis.
Furthermore, only the top 500 stocks by market capitalsation are eligible for consideration.