National Stock Exchange (NSE) announced revision of market lot of derivative contracts of 54 individual stocks. Out of 182 stocks that have derivative contracts, NSE has changed lot size of 54 stocks.
According to the circular released on March 28, NSE said “In pursuance of SEBI guidelines for periodic revision of lot sizes for derivatives contracts specified in the SEBI circular CIR/MRD/DP/14/2015 dated July 13, 2015, the market lots of derivatives contracts shall be revised”.
The derivative lot size of 42 stocks will be revised downwards. The change will come into effect on April 26 for May 2024 and later expiries. Prominent stocks in this list are Adani Ports, Bharti Airtel, BHEL, SBI, L&T.
Derivative lot of 128 stocks remained unchanged. This list includes Apollo Hospitals, Bajaj Finance, Asian Paints, Adani Enterprises.
The lot size of 6 stocks has been revised upwards. These stocks are Zee Entertainment, Polycab India, Navin Flourine, Dalmia Bharat, Bandhan Bank and Atul. The change will come into effect on April 26 for July 2024 and later expiries. NSE said this is because only far month contract of July 2024 will be revised. May and June contracts would use existing market lots.
In the remaining 6 stocks, the lot size will be revised downwards, but the lot size will follow a new multiple. These stocks are Tata Motors, Bajaj Auto, Power Finance Corporation, Grasim Industries, Godrej Properties and Tata Power. The change for these stocks will also come into effect on April 26 for July 2024 and later expiries.
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