Wednesday, December 24, 2008

Some stocks slide on exclusion from NSE's derivatives list

Five shares slipped between 0.70% and 5% after the National Stock Exchange removed them from trading in its futures & options segment.
CMC (down 0.70% to Rs 306), IBN18 Broadcast (down 3.01% to Rs 87.10), IVR Prime Urban Developers (down 5% to Rs 39.90), Sobha Developers (down 4.52% to Rs 104.45), and Wire and Wireless (India) (down 4.43% to Rs 11.22), declined.
NSE dropped these five stocks from the derivatives segment as these stocks no longer met certain required criteria. Existing unexpired contracts for the months of December 2008, January 2009 and February 2009 would continue to be available for trading till their respective expiry and new strikes would also be introduced in these existing contract months.

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