National Stock Exchange has halved the lot size for trading derivatives contracts for the Nifty 50 index to 25, and reduced the lot sizes for two other indexes as part of its periodic revision. Lot sizes of Nifty Financial Services or FINNIFTY has been cut from 40 to 25, and that of Nifty Midcap Select or MIDCPNIFTY has been cut from 75 to 50. The lot size of contracts of Nifty Bank or BANKNIFTY has been left unchanged at 15.
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. The first weekly expiry contract with revised lot size will expire on May 2, 2024.
For Nifty Financial Services there is no revision in market lot of existing monthly expiries, expiring on April 30, 2024, May 28, 2024, and June 25, 2024. The first monthly expiry contract to have revised market lot will be July 2024 expiry, expiring on July 30, 2024. There is no revision in market lot of weekly contracts with expiry date up to July 23, 2024.
For Nifty Midcap Select there is no revision in market lot of existing monthly expiries, expiring on April 29, 2024, May 27, 2024, and June 24, 2024. The first monthly expiry contract to have revised market lot will be July 2024 expiry, expiring on July 29, 2024. All Weekly Contracts with maturities from August 2024 onwards will have revised market lots.
