|Parameter||Index Futures||Index Options||Futures on Individual Securities||Options on Individual Securities|
|Underlying||3 indices||3 indices||156securities||156 securities|
|Underlying Symbol||Symbol of Underlying Index||Symbol of Underlying Index||Symbol of Underlying Security||Symbol of Underlying Security|
|Option Type||-||CE / PE||-||CE / PE|
|Strike Price||-||Strike Price||-||Strike Price|
|Trading Cycle||Nifty 50 Index Futures and Nifty Bank Index Futures will have 3 consecutive months trading cycle – Near-Month, Mid-Month and Far-Month. Nifty Financial Services Index Futures will have 7 serial weekly cycles excluding the monthly expiry and 3 consecutive months trading cycle – Near-Month, Mid-Month and Far-Month.||All index options will have 7 serial weekly cycles excluding the monthly expiry and 3 consecutive months trading cycle – Near-Month, Mid-Month and Far-Month. Additionally Nifty 50 Index options and Nifty Bank Index options will have Three quarterly expiries (March, June, Sept & Dec cycle).
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).
For NIFTY 50 weekly Options- Every Thursday of the week. In case the Thursday is a trading holiday, the previous trading day shall be the expiry/last trading day. All contracts shall expire at the normal market closing time on the expiry day or such other time as decided by Exchange.
|Expiry Day||Last Thursday of the expiry month for the monthly, quarterly and half-early contracts and Thursday of the expiring week for weekly expiry contracts excluding the expiry week of monthly contract. If the last Thursday is a trading holiday, then the expiry day is the previous trading day.|
|Strike Price Intervals||-||Depending on underlying price||-||Depending on Underlying volatility*|
|Permitted Lot Size||Underlying specific||Underlying specific||Underlying specific||Underlying specific|
|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|
* w.e.f April 1, 2013