The lot size of Bank Nifty F&O contracts will be revised to 15 from 25 per lot from July 2023 expiry in the following manner:
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Only the far-month contract i.e. July 2023 expiry contract will be revised for market lots. Contracts with the maturity of April 2023, May 2023, and June 2023 will continue to have the existing market lots. All contracts from July 2023 monthly expiry and beyond will have a market lot of 15.
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All weekly expiry contracts from August 2023 expiry will have a market lot of 15.
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For Bank Nifty long-term options contracts (having expiry greater than 3 months), the lot size will be revised to 15 after the expiry of June 2023 contracts.
Lot size of all the Index derivatives
Underlying Index | Symbol | Present Market Lot | Revised Market lot |
---|---|---|---|
Nifty 50 | NIFTY | 50 | 50 |
Nifty Bank | BANK NIFTY | 25 | 15 |
Nifty Financial Services | FINNIFTY | 40 | 40 |
Nifty Midcap Select | MIDCPNIFTY | 75 | 75 |
You can check the announcement from the exchange here:
Why do exchanges revise the lot size?
SEBI mandates that the contract value of all F&O contracts remain between 5 to 10 Lakhs. In the periodic review (every 6 months), if the contract value of the scrip is beyond this range, there is an upward or downward revision in lot size.
1 Like
Does this bring more liquidity?
Its already liquid, i don’t see much impact might be some small participant may increase some bit