The stocks of 16 companies have gained up to 4% on Thursday after the National Stock Exchange (NSE) announced their inclusion in the futures and options (F&O) segment with effect from April 28, 2017.
Godfrey Phillips India, V-Guard Industries and Mangalore Refinery and Petrochemicals Limited (MRPL) were up 4% each, while Gujarat State Fertilizers & Chemicals Limited (GSFC), Balrampur Chini Mills, NBCC (India), Multi Commodity Exchange of India (MCX) and Mahanagar Gas were up nearly 3% each on the NSE.
Balkrishna Industries, Bajaj Finserv, Cholamandalam Investment and Finance Company and Berger Paints were up 2% as compared to 0.2% rise in the Nifty 50 index at 09:21 am.
Stocks of the F&O segment do not attract circuit filters and generally see improvement in liquidity and participation from institutional investors.
Of these, 16 stocks, V-Guard Industries, MRPL, Mahanagar Gas, Raymond and Fortis Healthcare have hit their respective 52-week highs in intra-day trade today.
Meanwhile, thus far in the calendar year 2017, except, MCX, Cholamandalam Investment and Finance Company and Nestle India most of the stocks have outperformed the market by surging up to 60%.
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