Sintex and NIIT Technologies join F&O

It’s time to cheer up the traders who are willing to play in the stocks of NIIT Technologies and Sintex Industries for short term basis. The futures & options contracts have included NIIT Technologies and Sintex Industries in the segment. NSE in its circular on June 14 stated that F&O trading in the stocks will be available w.e.f. July 01, 2016.

The market lot size, strike rate schemes and quantity freeze limit of both the shares will be declared by June 30. Now the shares will gain greater attention from the arbitrageurs who will be able to capture the difference in pricing of the stocks in cash and derivative segments.

Earlier this year United Spirits, KPIT Technologies, Tata Elxsi, Cummins India, PC Jeweller, Indo Count Industries, Granules India were some of the inclusions made in the F&O segment.

On Wednesday Sintex Industries opened with a gap-up of 3.05 points at Rs 79 mark and climbed 5.8 per cent to Rs 80.35 at 10.30 hours. Similarly the stock of NIIT Technologies too opened 12 points upwards at Rs 578.40 but retreated to trade below previous close.

There are very few stocks from plastic manufacturing sector which are trading in F&O segment like Sintex Industries. However, there is a huge competition for NIIT Technologies as there are many other IT sectors stocks trading in F&O.