Sintex Industries dips nearly 5% on excluding from NSE F&O segment

Shares of Sintex Industries slipped nearly 5 per cent in early trade on Bombay Stock Exchange (BSE) after the National Stock Exchange of India (NSE) announced to exclude Sintex Industries from Futures and Options segment with effect from August 30.

Accordingly to the exchange, no contracts will be available for trading in Sintex with effect from August 30, 2013.

Weighed down by development, shares of company declined as much 4.95 per cent to trade at Rs 45.05 a piece on the BSE.

In a similar fashion, shares of the company were trading at 45.45 a piece, down 3.91 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 18,862.61, down 383.09 points or 1.99 per cent at 9:50 hours.