YOU ARE ON THE NEW NSE WEBSITE, ACCESS THE OLD WEBSITE ON THE URL www1.nseindia.com

Login to

You will be redirected to
another link to complete the login

Feedback
Login to Exchange, Mutual Fund, NCFM

Contract Specifications


Equity Derivatives
Parameter Index Futures Index Options Futures on Individual Securities Options on Individual Securities
Underlying 4 indices 4 indices 194 securities 194 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 and Nifty Financial Services Index will have 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.

Nifty 50 Index Futures, Nifty Financial Services Index and Nifty Midcap Select Index will have 7 weekly expiration contracts (excluding monthly contracts) and 3 monthly expiration contracts.

Nifty Bank index will have 4 weekly expiration contracts (excluding monthly contracts) and 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).
 
Expiry Day
  • For Nifty 50 and Nifty Bank index : Last Thursday of the expiry period. If the last Thursday is a trading holiday, then the expiry day is the previous trading day.
  • For Nifty financial services index and Nifty Midcap Select Index : Last Tuesday of the expiry period. If the last Tuesday is a trading holiday, then the expiry day is the previous trading day.
  • For Individual Securities: Last Thursday of the expiry period. 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 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: 15/09/2022
Quick Links