Shares of four out of six companies included in the future and options (F&O) segment with effect from today were trading higher by up to 4% each on the National Stock Exchange (NSE) in morning trade.
Cadila Healthcare has rallied 4% to Rs 2,125, also its record high on the NSE. The pharmaceutical company has also fixed October 07, 2015 as the record date for the purpose of sub-division/stock split of 1 equity share of face value of Rs 5 each into 5 equity shares of the face value of Re 1 each.
Among other individual stocks, Marico and TV18 Broadcast were up 1% each at Rs 399 and Rs 35 respectively, while NCC was up marginally by 0.28% at Rs 71.60.
However, BEML (down 0.15% at Rs 1,260) and Bharti Infratel (down 0.13% at Rs 395) were down less than 1% on the NSE. The CNX Nifty was down 0.19% at 7,854 points at 09:38 a.m.
The inclusion in the derivative segment will also help traders, investors and institutions to hedge their positions against their underlying holdings.