GVK Power drops 5% as NSE to exclude from FO

Infrastructure company GVK Power was down nearly five percent on Friday as the National Stock Exchange has decided to exclude the stock from its F&O segment.

Exclusion will take place with effect from April 1, 2013. The stock will remain available for trading in F&O in January, February and March series.

Shares fell 4.86 percent to Rs 13.70 at 10:40 hours IST on Bombay Stock Exchange.

GMR, GVK exiting mega projects due to unviability: NHAI  
 
Steel producer Bhushan Steel will also stop trading in F&O segment with effect from April 1. Shares gained 2.65 percent at Rs 447.5.

Currently 149 stocks are available for trading in F&O segment of the National Stock Exchange.

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