BSE to launch F&O contracts on Bharat-22 index from September 3

New Delhi: Leading stock exchange BSE will introduce futures and options (F&O)contracts on Bharat-22 index from September 3.

Bharat-22 index, comprising shares of 22 companies, is a blend of shares of key central public sector enterprises (CPSEs), public sector banks (PSBs) and blue chip private companies like Larsen & Toubro (L&T), Axis Bank and ITC.

The other companies part of the index are -- ONGC, IOC, SBI, BPCL, Coal India, Nalco, Bharat Electronics, REC, Power Finance Corp, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, Power Grid Corporation, NLC India, Indian Bank and Bank of Baroda. At present, there are over 200 securities available in the F&O for trade. Recently, several stocks have been added in the segment.