The National Stock Exchange (NSE) on Tuesday said it has halved the lot size for trading derivatives contracts for the Nifty 50 index to 25 and also reduced the lot sizes of the Nifty Financial Services and Nifty Midcap indices as part of its periodic revision. All contracts, i.e. weekly, monthly, quarterly, and half-yearly expires available for trading from the trade date of April 26, 2024, onwards will be with the revised market lot size, the NSE said, referring to applicability of the change for Nifty 50.
The lot size in the derivatives segment refers to the fixed number of shares in a unit or group for which contracts are traded.
The lot size has been cut down from 50 to 25 for the benchmark Nifty, and from 40 to 25 for Nifty Financial Services and to 50 from 75 for Nifty Midcap Select. The lot size for Bank Nifty will remain unchanged at 15.
Before Market Opens: Indian markets are likely to open on a weak note on Wednesday following losses in Asian peers as US yields held near four-month highs and oil prices jumped. Meanwhile, Gift Nifty was trading 33 points lower. Let s take a look at some key cues before the market opens today:
The first monthly expiry contract with the revised lot size will expire on May 30 for the Nifty 50 index, while the first weekly expiry contract with revised lot size will expire on May 2, the NSE said.