Nifty50, Finnifty and Midcap Nifty Lot Size Change: Know Before Trading

National Stock Exchange has reduced the lot size of Nifty50, Finnifty and Midcap Nifty with effect from April 26, 2024 with pursuance of SEBI guidelines for periodic revision of lot sizes for derivatives contracts specified in the SEBI circular. It is estimated that this revision of lot size can increase the volatility in the market and the number of participants can increase. This circular shall come into effect from April 26, 2024.

Revised lot size: Nifty 50, Finnifty and Nifty Midcap

The market lots of contracts on the following Indices shall be revised as follows:

Note: The market lots of NIFTY BANK is remains unchanged, i.e. the lot size of BANKNIFTY contract is 15 qty.

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Circular Core Points:

For NIFTY50 Index Derivatives

1. There is no change in lot size of monthly expiry of April 2024 expiring on April 25, 2024.

2. All contracts i.e. weekly, monthly, quarterly, and half yearly expires available for trading from trade date of April 26, 2024, onwards will be with the revised market lot size.

3. All new contracts generated from end of the day of April 25, 2024, and available for trading from April 26, 2024, onwards will be with the revised market lot size.

4. The first weekly expiry contract with revised lot size will expire on May 2, 2024 5. The first monthly expiry contract with revised lot size will expire on May 30, 2024.

For FINNIFTY Index Derivatives:

1. There is no change in lot size of existing monthly expiries, expiring on April 30, 2024, May 28, 2024, and June 25, 2024.

2. The first monthly expiry contract to have revised market lot size will be July 2024 expiry, expiring on July 30, 2024

3. There is no change in market lot of weekly contracts with expiry date up to July 23, 2024.

4. All Weekly Contracts with maturities from August 2024 onwards (i.e. weekly contract with expiry date of August 6, 2024 onwards) will have revised market lots.

5. The day spread order book will not be available for the combination contract of May 2024 - July 2024 and June 2024 - July 2024 expiries.

For NIFTY MIDCAP Index Derivatives:

1. There is no change in lot size of existing monthly expiries, expiring on April 29, 2024, May 27, 2024, and June 24, 2024.

2. The first monthly expiry contract to have revised lot size will be July 2024 expiry, expiring on July 29, 2024 3. There is no change in lot size of weekly contracts with expiry date up to July 22, 2024.

3. All Weekly Contracts with maturities from August 2024 onwards (i.e. weekly contract with expiry date of August 5, 2024 onwards) will have revised market lots.

4. The day spread order book will not be available for the combination contract of May 2024 - July 2024 and June 2024 - July 2024 expiries.

All the Above-Mentioned Details Are as Per NSE Circular Ref. No: 37/2024

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