India's exchanges double number of listed derivatives

The Securities and Exchange Board of India (Sebi) has approved the introduction of futures and options on 31 new stocks, doubling the existing number of listed derivatives in the country.

Sebi currently allows options and futures on 29 of the most liquid publicly listed names.

The new derivatives will be traded on the Bombay Stock Exchange and the National Stock Exchange, the country's largest exchange, and cover a broad spectrum of domestic corporations, including auto company Hero Honda and technology companies such as Hughes Software, KPIT Infosystems and Aftek Infosys.

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