NSE reduces market lot of Nifty 50 derivative contracts, 2 others
This is part of the periodic revision of lot sizes for derivatives contracts done by exchange under the prescribed guidelines of Sebi. The market lot for the Nifty 50 derivative contract has been reduced to 25 from 50, the exchange said in a circular.
MUMBAI - The National Stock Exchange of India has reduced the market lot of derivative contracts of Nifty 50, Nifty Financial Services, and Nifty Midcap Select indices with effect from April 26. This is part of the periodic revision of lot sizes for derivatives contracts done by exchange under the prescribed guidelines of Sebi.The market lot for the Nifty 50 derivative contract has been reduced to 25 from 50, the exchange said in a circular.
The market lot for Nifty Financial Services has been revised to 25 from 40, and that for Nifty Midcap Select index to 50 from 75. The market lot for Nifty Bank stands unchanged at 15, the exchange said.
The average closing price of the underlying index has been taken for one-month period of March to compute contract value.
For Nifty 50, all weekly, monthly, quarterly, and half-yearly contract expires, available for trading from April 26 onwards, would be with the revised market lot size. However, there is no revision in the market lot of monthly expiry of the April series, said.
The first weekly expiry contract with the revised lot size will expire on May 2, and the first monthly expiry contract will expire on May 30.
In the case of Nifty Financial Services and Nifty Midcap Select index derivatives, there is no revision in the market lot for the existing monthly and weekly expiries for the April, May, and June series.
The first monthly expiry contract with the revised market lot will be for the July expiry, and the first weekly expiry contract with the revised lot size will be from August 6.
Source: Stocks-Markets-Economic Times
