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NSE slashes F&O lot size of Nifty50 contracts to 50 from 75; cuts lot size of 40 stocks

NSE slashes F&O lot size of Nifty50 contracts to 50 from 75; cuts lot size of 40 stocks

NSE slashes F&O lot size of Nifty50 contracts to 50 from 75; cuts lot size of 40 stocks
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By CNBCTV18.com Apr 5, 2021 2:34:48 PM IST (Published)

The National Stock Exchange of India (NSE) on March 31 decided to reduce the lot size for the Nifty50’s futures & options (F&O) contracts to 50 from 75. It has also slashed the F&O lot size of 40 stocks by 50 percent.

The National Stock Exchange of India (NSE) on March 31 decided to reduce the lot size for the Nifty50’s futures & options (F&O) contracts to 50 from 75. It has also slashed the F&O lot size of 40 stocks by 50 percent.

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The lot size for Nifty Bank at 25 and Nifty Financial Services at 40 has been kept unchanged.
NSE said only the far month contract, i.e., July 2021 expiry contracts will be revised for market lots.
“Only the far month contract, i.e., July 2021 expiry contracts will be revised for market lots. Contracts with the maturity of May 2021 and June 2021 would continue to have the existing market lots. All subsequent contracts (i.e. July 2021 expiry and beyond) will have revised market lots,” NSE said in a circular issued on March 31.
Contracts with August 2021 weekly expiry and beyond will have revised market lots.
The day spread order book will not be available for the combination contract of June 2021 - July 2021 expiry for stocks and May 2021 - July 2021 and June 2021 - July 2021 expiries in case of Nifty50, the exchange added.
The lot size of all existing Nifty long-term options contracts having an expiry greater than three months shall be revised from 75 to 50 after the expiry of June 2021 contracts (i.e. June 25, 2021).
For the purpose of the computation, the exchange has taken the average of the closing price of underlying for one month period of March 1 to March 31, 2021.
The changes shall come into effect from April 30, 2021.
Here is the list of 40 stocks whose lot size has been reduced:
Sr NoUnderlyingPresent Market LotRevised Market Lot
1ADANI ENTERPRISES LIMITED20001000
2ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED25001250
3APOLLO HOSPITALS ENTERPRISE LIMITED500250
4APOLLO TYRES LIMITED50002500
5ASHOK LEYLAND LIMITED90004500
6BAJAJ FINANCE LIMITED250125
7BHARAT ELECTRONICS LIMITED76003800
8BHARAT HEAVY ELECTRICALS LIMITED2100010500
9CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED25001250
10CIPLA LIMITED1300650
11COLGATE PALMOLIVE (INDIA) LIMITED700350
12CUMMINS INDIA LIMITED1200600
13GRASIM INDUSTRIES LIMITED950475
14HAVELLS INDIA LIMITED1000500
15HINDALCO INDUSTRIES LIMITED43002150
16IDFC FIRST BANK LIMITED190009500
17JINDAL STEEL & POWER LIMITED50002500
18JSW STEEL LIMITED27001350
19MAHINDRA & MAHINDRA LIMITED1400700
20MAX FINANCIAL SERVICES LIMITED1300650
21MINDTREE LIMITED800400
22MOTHERSON SUMI SYSTEMS LIMITED70003500
23INFO EDGE (INDIA) LIMITED250125
24PIRAMAL ENTERPRISES LIMITED550275
25STEEL AUTHORITY OF INDIA LIMITED190009500
26STATE BANK OF INDIA30001500
27SHREE CEMENT LIMITED5025
28SIEMENS LIMITED550275
29SHRIRAM TRANSPORT FINANCE COMPANY LIMITED800400
30TATA CHEMICALS LIMITED20001000
31TATA MOTORS LIMITED57002850
32TATA POWER COMPANY LIMITED135006750
33TATA STEEL LIMITED1700850
34TECH MAHINDRA LIMITED1200600
35TITAN COMPANY LIMITED750375
36TORRENT POWER LIMITED30001500
37ULTRATECH CEMENT LIMITED200100
38VEDANTA LIMITED62003100
39VOLTAS LIMITED1000500
40WIPRO LIMITED32001600
Additionally, in order to encourage active participation in Quarterly Options contracts on Nifty Bank Index, it has been decided that no transaction charges will be levied on the trades done in Quarterly Options contracts on the Nifty Bank Index in the Future & Options segment of the Exchange from April 1, 2021, till September 30, 2021, NSE said in a separate circular.
The Exchange has announced the introduction of trading in Quarterly Options contracts on the Nifty Bank Index in the Future & Options segment from October 30, 2020.
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