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The Economic Times

Business

Veer Sharma

Polycab India shares fall 6% in two sessions. What’s triggering the selloff?

Polycab India National Stock Exchange National Company Law Tribunal National Company Law Appellate Tribunal Bankruptcy Polycab

Shares of wires and cables maker Polycab India fell 4.5% to an intraday low of Rs 7,883 on Wednesday, extending losses for a second consecutive session. The stock has declined 6% after the NSE announced that it would exclude Polycab from the equity derivatives segment with effect from December 30.

The National Stock Exchange (NSE) said it will not issue contracts for new expiry months in Polycab India after the expiry of existing contract months. The existing contracts expiring in October, November and December will continue trading as usual.

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