Shares of United Spirits (USL) will react further on Friday, on the NSE excluding the counter from the derivatives segment. All existing contracts (August, September and October) will expire on September 18, NSE said. This will force traders to square-off their positions. The contract has been removed as USL has not provided results for the year ended March 2014. On Wednesday, NSE had announced the removal of USL from the Nifty index from September 19.

FDI/FII talk to keep HDFC Bank in focus

Shares of HDFC Bank will remain in focus as Economic Affairs Secretary Arvind Mayaram said the Finance Ministry is looking at issues connected with the bank’s proposal to raise the FDI limit. “It is a very complex issue; we are dealing with it but I can assure you we are seized of the matter,” he said. Last year, HDFC Bank had moved the Foreign Investment Promotion Board for increasing the foreign holding limit in it to 67.55 per cent from 49 per cent.

Trading ban to impact HDIL, Unitech, IB Real

Shares of HDIL, Unitech and Indiabulls Realestate may come under pressure on Friday, as the NSE has banned trading in the derivatives segment of these counters. This follows derivative contracts in these counters crossing 95 per cent of the market-wide position limit. All clients and members will now be able to trade in these derivative contracts only to decrease their positions. Reacting to this news, all the three stocks crashed about 3 per cent on Thursday.

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