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BSE and NSE will introduce futures and options (F&O) contracts in NIIT Technologies and Sintex Industries from July 1.
In similar-worded circulars, the exchanges said that futures and options contracts on these two “securities would be available for trading with effect from July 1, 2016’’.
There are over 200 securities available in the F&O segment for trade.
In July 2015, SEBI had made a steep hike in the minimum investment size for any equity derivative product to Rs 5 lakh from Rs 2 lakh. Besides, the minimum lot size of an equity derivative contract had been increased to Rs 5 lakh.
A derivative is a security derived from a debt instrument, share, loan, whether secured or unsecured or any other form of security. It also derives its value from the prices, or index of prices, of underlying securities.
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