The lot sizes of the Nifty Midcap Select index have been reduced from 75 to 50, and those of the Nifty Financial Services index have been trimmed from 40 to 25. The Nifty Bank index futures’ lot size has remained at fifteen.
On May 2, 2024, the first weekly expiry contract with the updated lot size will end. On May 30, 2024, the first monthly expiry contract with the updated lot size will end. In its periodic review last week, the NSE changed the lot sizes for a few large-cap and mid-cap equities.
Nifty Index Status
The July 2024 expiry contract, which expires on July 30, 2024, will be the first monthly expiry contract with the updated market lot. The market lot of weekly contracts with expiration dates up to July 23, 2024, has not been revised. Revisions to market lots will be applied to all weekly contracts with maturities starting in August 2024 (that is, weekly contracts with expiration dates starting on August 6, 2024).
Nifty Midcap Status
With a revised market lot, the July 2024 expiration contract, which expires on July 29, 2024, will be the first monthly expiry contract.All weekly contracts with expiration dates of August 5, 2024 or later, or maturities starting in August 2024, will have updated market lots. The combination contract with May 2024 July 2024 and June 2024 July 2024 expiries will not have access to the day spread order book.
