The National Stock Exchange (NSE) on Friday announced that the lot size of Bank Nifty’s derivatives contracts will be revised to 15 from 25, effective July 2023.
However, the NSE left the lot size of other derivatives contracts of Nifty50, Nifty Financial Services (FINNIFTY) and Nifty Midcap Select, unchanged at 50, 40 and 75, respectively.
The revised market lot will be applicable as follows:
- The contracts with maturity of April 2023, May 2023 and June 2023 would continue to trade with the existing lot size.
- All subsequent contracts (i.e. July 2023 monthly expiry and beyond) will have revised market lots.
- The lot size of all existing Bank Nifty long term options contracts (having expiry greater than 3 months) will be revised to 15 from 25, after the expiry of June 2023 contracts.
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