Millennium Post

India INX's single stock F&O trading from today

BSE's international exchange – India INX –will begin single stock futures and options trading in 10 companies including Reliance Industries, Infosys and TCS from Friday.

The other stocks are Tata Motors, Axis Bank, ICICI Bank, HDFC Bank, Larsen & Toubro, State Bank of India and Maruti Suzuki.

"India INX shall commence trading in single stock futures and options contract in 10 stocks with effect from Friday, April 28, 2017," a BSE spokesperson said.

Single stock futures and options contract is a futures contract with an underlying of one particular stock, usually in batches of 100. No transmission of share rights or dividends occurs in it. It gives investors increased capabilities to leverage themselves within the market. India International Exchange or India INX, a wholly-owned subsidiary of BSE, is the first international exchange to become operational at the International Financial Service Centre at the Gift City in Gujarat.

Though the rival bourse NSE too has got the licence, it is yet to kickstart operations.

India INX offers trading in index and equity derivatives as well as gold, silver and copper futures.

The exchange went live on January 16 and recorded trading volume worth $4,30,520 on the first day of trade.

NSE introduces online bidding facility for InvITs

Leading bourse NSE has introduced a new online facility for bidding of units of infrastructure investment trusts (InvITs) ahead of next month's IPO by first such trust.

In order to familiarise with the new facility of bidding for InvITs, the exchange will be providing a mock session on e-IPO platform from April 27 to May 2, the National Stock Exchange (NSE) said in a circular.

The mock session will be conducted between 10 am and 5 pm, it added.

"The exchange has developed a facility for bidding of units of InvITs on its existing web-based e-IPO platform. All trading members and self-certified syndicate banks of the e- IPO segment shall be eligible to participate in the bidding of InvITs," the NSE said.

On Wednesday, the BSE began a two-day (April 26-27) mock trading session for InvITs on its web-based interface.

InvITs are debt instruments that can be traded in the market and can act as investment vehicles for sponsors. IRB InvIT Fund, sponsored by engineering company IRB Infrastructure Developers, will launch its IPO on May 3 to raise more than Rs 5,000 crore.
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