Business Standard
BSE on Monday launched futures and options (F&O) contracts on the BSE Focused IT Index, becoming the only stock exchange in the country to offer derivatives on an information technology sector benchmark. The BSE Focused IT Index comprises 14 leading Indian technology companies and is designed to provide investors with a focused benchmark for the country's information technology sector, the exchange said in a statement. The launch coincided with National Technology Day and is aimed at offering investors an additional tool to hedge, trade and manage risks linked to the IT sector, which remains sensitive to global economic trends, currency fluctuations and rapid technological changes. On the first day of trading, 172 members participated in the new product, generating a turnover of Rs 148 crore. According to BSE, the IT sector accounts for around 6 per cent of the total market capitalisation of companies listed on the exchange. The sector includes more than 250 listed firms and ...
Go to News Site