Reliance Capital drops by 5% on its F&O expiry

Stock Market Tips

Reliance Capital stock declined by nearly 5% as F&O contracts expire on Monday.  The stock will turn ex-date on Tuesday for the proposed demerger of Reliance Home Finance. The stock was trading at Rs 815 per share, down by 4.96% on BSE as of 1523 hours.

Reliance Capital current FNO contracts will expire on Monday. The stock will trade ex-Home Finance business from Tuesday.

Reliance Capital will be excluded from 11 S&P BSE indices from September 5, 2017, as the NBFC player is demerging its real estate lending business. The indices are S&P BSE AllCap, S&P BSE 200, S&P BSE 100, S&P BSE Sensex Next 50, S&P BSE Midcap and S&P BSE Large Midcap.