The National Stock Exchange of India Limited (NSE) on Friday issued a circular regarding the revision in market lot sizes of derivative contracts on indices.
The circular, issued by the Futures & Options (F&O) Department, has been put out in consonance with guidelines of market regulator, SEBI.
As per the revised norms for Nifty Bank (BANKNIFTY), the present market lot of 30 will be revised to 35.
Meanwhile, for Nifty Mid Select (MIDCPNIFTY), the present market lot of 120 will be revised to 140.
The market lots of derivative contracts on Nifty 50 (NIFTY), which is 75; Nifty Financial Services (FINNIFTY), which is 65; and Nifty Next 50 (NIFTYNXT50), which is 25, remain unchanged.
For the purpose of computing contract value, the average closing price of the underlying index for the one-month period of March 2025 has been considered.
Regarding Nifty Bank index derivatives, the market lot revision will not affect the existing monthly expiry contracts expiring on April 24, 2025, May 29, 2025, and June 26, 2025.
The first monthly expiry contract to reflect the revised market lot will be the July 2025 expiry, scheduled for July 31, 2025.
Similarly, for Nifty Midcap Select index derivatives, the revision will not impact the existing monthly expiry contracts expiring on April 24, 2025, May 29, 2025, and June 26, 2025.
The first monthly expiry contract to incorporate the revised market lot will be the July 2025 expiry, set to expire on July 31, 2025.
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