National Stock Exchange has revised the lot size of NIFTY, FINNIFTY and MIDCPNIFTY in their latest periodic review. The change in lot size is given in the table below. These changes will be effective from 26th April 2024.
Underlying Index
Nifty 50
Symbol
NIFTY
Present Market Lot
50
Revised Market lot
25
First monthly expiry with revised expiry date
May 2024 (contracts expiring on May 30, 2024)
First weekly expiry with revised lot size
May 2, 2024
Underlying Index
Nifty Financial Services
Symbol
FINNIFTY
Present Market Lot
40
Revised Market lot
25
First monthly expiry with revised expiry date
July 2024 (contracts expiring on July 30, 2024)
First weekly expiry with revised lot size
August 6, 2024
Underlying Index
Nifty Midcap Select
Symbol
MIDCPNIFTY
Present Market Lot
75
Revised Market lot
50
First monthly expiry with revised expiry date
July 2024 (contracts expiring on July 29, 2024)
First weekly expiry with revised lot size
August 5, 2024
| Underlying Index | Symbol | Present Market Lot | Revised Market lot | First monthly expiry with revised expiry date | First weekly expiry with revised lot size |
|---|---|---|---|---|---|
| Nifty 50 | NIFTY | 50 | 25 | May 2024 (contracts expiring on May 30, 2024) | May 2, 2024 |
| Nifty Financial Services | FINNIFTY | 40 | 25 | July 2024 (contracts expiring on July 30, 2024) | August 6, 2024 |
| Nifty Midcap Select | MIDCPNIFTY | 75 | 50 | July 2024 (contracts expiring on July 29, 2024) | August 5, 2024 |
Please note that the lot size for BANKNIFTY remains unchanged.
This means that if you buy/sell any new F&O contract after the above-mentioned expiry date for the respective underlying index, the lot size of the contract will be as per the revised quantity.
As per SEBI mandates, the contract value (Index Points x Lot Size) of all F&O contracts remain between 5 to 10 Lakhs. If the contract value of the index goes beyond this range, there is an upward or downward revision in lot size done in the periodic review.
NSE circulation - https://nsearchives.nseindia.com/content/circulars/FAOP61415.pdf