Announcements

?Up to 10X margins on CO and OCO orders in Nifty and Bank Nifty Futures only.
?Up to 10X margins on CO and OCO orders in EQ (for F&O-listed stocks only).
?Up to 5X margins on Intraday orders in EQ (for F&O-listed stocks only).
?Up to 4X margins on Intraday orders in Currency Derivatives.
?Up to 3X margins on Intraday and CO orders in F&O.
?Up to 3x margins on CO orders on Index options (sell side) and up to 2x on buy side.
?Up to 2.5X margins on Intraday orders in MCX.
?OCO orders are blocked for NSE options and MCX.

Square off will be at 3.10 PM for Equity Intraday and F&O, 4.45 PM for Currency Derivatives, and at 11 PM for MCX. Kindly plan your trades accordingly.

?Up to 10X margins on CO and OCO orders in Nifty and Bank Nifty Futures only.
?Up to 10X margins on CO and OCO orders in EQ (for F&O-listed stocks only).
?Up to 5X margins on Intraday orders in EQ (for F&O-listed stocks only).
?Up to 4X margins on Intraday orders in Currency Derivatives.
?Up to 3X margins on Intraday and CO orders in F&O.
?Up to 3x margins on CO orders on Index options (sell side) and up to 2x on buy side.
?Up to 2.5X margins on Intraday orders in MCX.
?OCO orders are blocked for NSE options and MCX.

At its meeting on 26th June 2020, ITC Limited declared a dividend of Rs. 10.15 per equity share and 3rd July 2020 shall be considered to be the last cum dividend date.

Accordingly, all positions in futures contracts of ITC would be marked-to-market on the last cum-dividend date i.e. 3rd July 2020, based on the daily settlement price. Subsequent to such processing, open positions shall be carried forward at the daily settlement price less Rs. 10.15 (dividend amount) for the respective futures contract.

Begin of day margins on 6th July 2020 would be computed for the futures contract of  ITC based on the adjusted carry forward value.

An example of adjustment of the futures contract is given below:

Before adjustment:

* Valued at price Rs.200.00/-

After Adjustment:

* Valued at price Rs. 189.85 (Rs.200.00 – Rs.10.15 which is the dividend amount)

Further the full value of dividend (i.e. Rs. 10.15) would be adjusted from the strike prices of the options contracts.

An example of adjustment of the Strike Price is given below:

Before adjustment:

After Adjustment

You may refer to the exchange circular here: https://archives.nseindia.com/content/circulars/CMPT44834.pdf

To know more about corporate actions, read the circular here: https://www.nseindia.com/products-services/equity-derivatives-corporate-actions-adjustments 

Square off will be at 3.10 PM for Equity Intraday and F&O, 4.45 PM for Currency Derivatives, and at 11 PM for MCX. Kindly plan your trades accordingly.