Contract Specifications
| Equity Derivatives | ||||
|---|---|---|---|---|
| Parameter | Index Futures | Index Options | Futures on Individual Securities | Options on Individual Securities |
| Underlying | 4 indices | 4 indices | 198 securities | 198 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 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. Nifty Midcap Select 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. A new contract is introduced on the trading day following the expiry of the near month contract. At any point in time, there will be 7 weekly contracts and 3 monthly contracts available for trading in the market. |
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. |
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| Expiry Day |
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| Strike Price Intervals | - | Depending on underlying price | - | Depending on Underlying volatility* |
| Permitted Lot Size | Underlying specific | Underlying specific | Underlying specific | Underlying specific |
| Price Steps | Rs.0.05 | Rs.0.05 | Rs.0.05 | 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 |
* w.e.f April 1, 2013
Updated on: 11/05/2022
