Jio Financial Services shares surge over 6% on inclusion in F&O segment

Jio Financial Services shares surged 6.5% to Rs 318.8 in Thursday’s trade on the BSE following the National Stock Exchange’s (NSE’s) announcement to introduce 45 additional stocks in its futures and options (F&O) segment.

The update, effective from November 29, includes notable names such as Zomato, DMart, BSE, YES Bank, Paytm LIC, and Jio Financial.

Some of the other stocks include Adani Energy, Adani Green Energy, Angel One, Adani Total Gas, Bank of India, CDSL, Cyient, Delhivery, Hudco, Nykaa, KPIT Technologies, Oil India, Tata Elxsi, Tube Investments, PB Fintech, JSW Energy, Jindal Stainless.

NSE ensures that only stocks that have high amounts of liquidity are eligible for inclusion in the F&O segment. Additionally, the exchange looks for stocks that maintain a minimum threshold of average daily turnover and do not have excessive price fluctuations, creating a more stable environment for derivatives trading.

The F&O segment allows investors to trade in derivatives based on the underlying value of a stock, enabling them to leverage positions with relatively lower capital requirements.

At 10:32 am, Jio Financial Services’ shares were trading 5.7% higher at Rs 316.6 on the BSE. However, they have declined over 10% in the past six months.In Q2 FY 25, Jio Financial Services reported a 3% uptick in its net profit to Rs 689 crore, versus Rs 668 crore logged in the year-ago period. Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.Also Read: India in a multi-year bull market despite slowdown and FII exits

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