Contract Specifications
| Equity Derivatives | ||||
|---|---|---|---|---|
| Parameter | Index Futures | Index Options | Futures on Individual Securities | Options on Individual Securities |
| Underlying | 5 indices | 5 indices | 223 securities | 223 securities |
| Security Descriptor: | ||||
| Instrument | FUTIDX | OPTIDX | FUTSTK | OPTSTK |
| Underlying Symbol | Symbol of Underlying Index | Symbol of Underlying Index | Symbol of Underlying Security | Symbol of Underlying Security |
| Expiry Date | DD-MMM-YYYY | DD-MMM-YYYY | DD-MMM-YYYY | DD-MMM-YYYY |
| Option Type | - | CE / PE | - | CE / PE |
| Strike Price | - | Strike Price | - | Strike Price |
| Trading Cycle |
Nifty 50 Index Futures, Nifty Bank Index Futures, Nifty Financial Services Index, Nifty Midcap Select Index and Nifty Next 50 Index will have 3 consecutive months trading cycle – Near-Month, Mid-Month and Far-Month. |
Nifty 50 Index will have 4 weekly expiration contracts (excluding monthly contracts) and 3 monthly expiration contracts. Nifty Bank Index, Nifty Financial Services Index, Nifty Midcap Select Index and Nifty Next 50 Index will have 3 monthly expiration contracts Additionally Nifty 50 Index options and Nifty Bank Index options will have Three quarterly expiries (March, June, Sept & Dec cycle). Nifty 50 index will also have long term index option contracts i.e. next 8 half yearly expiries (Jun, Dec cycle) after the three quarterly expires will be provided. |
3 month trading cycle - the near month (one), the next month (two) and the far month (three). |
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| Expiry Day |
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| Strike Price Intervals | - | Depending on underlying price | - | Depending on Underlying volatility* |
| Price Steps | Rs.0.05 | Rs.0.05 |
Securities with new tick size in CM segment (Securities price below Rs. 250 will be Rs. 0.01) Rs.0.05 Circular reference: NSE/FAOP/62175 |
Rs.0.05 |
| Price Bands | Operating range of 10% of the base price | A contract specific price range based on its delta value is computed and updated on a daily basis | Operating range of 10% of the base price | A contract specific price range based on its delta value is computed and updated on a daily basis |
Note:
- Discontinuation of weekly Derivatives contracts on BANKNIFTY, MIDCPNIFTY and FINNIFTY index. For more information refer circular no. NSE/FAOP/64506 dated October 10, 2024.
- Lot size for Index Derivatives will be revised effective from trade date November 21, 2024. For more information refer circular no. NSE/FAOP/64625 dated October 18, 2024 and NSE/FAOP/64672 dated October 22, 2024 and NSE/FAOP/64990 dated November 08, 2024.
- Revision in Expiry Day of Index derivatives contracts w.e.f. January 01, 2025 (EOD). For more information please refer to NSE circular no. NSE/FAOP/65336.
* w.e.f April 1, 2013
Updated on: 02/12/2024
