Unitech shares down nearly 4% on exclusion from F&O segment

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Shares of realty major Unitech ended the day nearly 4 per cent down as investor sentiment turned weak following reports that and will drop the company from the futures and options (F&O) segment from July 29.

The stock went down by 3.65 per cent to Rs 3.96 on BSE. During the day, it tumbled 5.59 per cent to Rs 3.88.

At NSE, shares of the company slipped 3.65 per cent to close at Rs 3.95.

In terms of volume, 96.38 lakh shares of the company changed hands at BSE and over 4 crore shares were traded at NSE during the day.

However, the existing contracts for May, June and July will continue to be available for trading till their respective expiry and new option strikes will also be introduced in the existing contract months.

In two separate circulars, the exchanges said yesterday that no contracts will be available for trading in the above mentioned security with effect from July 29, 2016.

At present, there are over 200 securities available in the F&O segment for trade.