National Stock Exchange (NSE) on April said it halved the lot size for trading derivatives contracts for the Nifty 50 index to 25, and reduced the lot sizes for two other indexes as part of its periodic revision.
Lot sizes of Nifty Financial Services or FINNIFTY has been cut from 40 to 25, and that of Nifty Midcap Select or MIDCPNIFTY has been cut from 75 to 50.
The lot size of contracts of Nifty Bank or BANKNIFTY has been left unchanged at 15.
All Nifty contracts i.e. weekly, monthly, quarterly, and half yearly expires available for trading from trade date of April 26, 2024, onwards will be with the revised market lot size.
For Nifty 50 derivatives
NSE said that there is no revision in market lot of monthly expiry of April 2024 expiring on April 25, 2024, expiry. All new contracts generated from end of the day of April 25, 2024, and available for trading from April 26, 2024, onwards will be with the revised market lot size. The first weekly expiry contract with revised lot size will expire on May 2, 2024. The first monthly expiry contract with revised lot size will expire on May 30, 2024.
For Nifty Financial Services
There is no revision in market lot of existing monthly expiries, expiring on April 30, 2024, May 28, 2024, and June 25, 2024. The first monthly expiry contract to have revised market lot will be July 2024 expiry, expiring on July 30, 2024. There is no revision in market lot of weekly contracts with expiry date up to July 23, 2024. All Weekly Contracts with maturities from August 2024 onwards (i.e. weekly contract with expiry date of August 6, 2024 onwards) will have revised market lots. The day spread order book will not be available for the combination contract of May 2024 July 2024
and June 2024 July 2024 expiries.
For Nifty Midcap Select
There is no revision in market lot of existing monthly expiries, expiring on April 29, 2024, May 27, 2024, and June 24, 2024. The first monthly expiry contract to have revised market lot will be July 2024 expiry, expiring on July 29, 2024. There is no revision in market lot of weekly contracts with expiry date up to July 22, 2024. All Weekly Contracts with maturities from August 2024 onwards (i.e. weekly contract with expiry date of August 5, 2024 onwards) will have revised market lots. The day spread order book will not be available for the combination contract of May 2024 July 2024 and June 2024 July 2024 expiries.
Last week, NSE revised lot sizes for some large-cap and mid-cap stocks in its periodic review.
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