NSE has announced the revision in the lot size of Nifty, FInnifty and Midcpnifty as a part of its periodic review. This circular shall come into effect from April 26, 2024
Old and revised Lot sizes of the Index derivatives
Underlying Index | Symbol | Present Market Lot | Revised Market lot | First monthly expiry with revised expiry date | First weekly expiry with revised lot size |
---|---|---|---|---|---|
Nifty 50 | NIFTY | 50 | 25 | May 2024 (contracts expiring on May 30, 2024) | May 2, 2024 |
Nifty Financial Services | FINNIFTY | 40 | 25 | July 2024 (contracts expiring on July 30, 2024) | August 6, 2024 |
Nifty Midcap Select | MIDCPNIFTY | 75 | 50 | July 2024 (contracts expiring on July 29, 2024) | August 5, 2024 |
Bank Nifty’s lot size remains unchanged
Underlying Index | Symbol | Present Market Lot |
---|---|---|
Nifty Bank | BANK NIFTY | 15 |
You can check the announcement from the exchange here:
https://nsearchives.nseindia.com/content/circulars/FAOP61415.pdf
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.
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What is the order limit for Nifty? Currently it is 1,800
additional work in reprogramming the algos guys…
There is no change.
https://nsearchives.nseindia.com/content/circulars/FAOP61372.pdf
Sr. No. | INDEX SYMBOL | QUANTITY FREEZE LIMIT |
---|---|---|
1 | BANKNIFTY | 900 |
2 | NIFTY | 1800 |
3 | FINNIFTY | 1800 |
4 | MIDCPNIFTY | 4200 |
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sir I know one day lot size will go to 1 lot = 1 quantity
Will the margin/lot for sellers remain unchanged?
This could expose a lot of fake MTM screenshots