Contract Specifications
| Equity Derivatives | ||||
|---|---|---|---|---|
| Parameter | Index Futures | Index Options | Futures on Individual Securities | Options on Individual Securities |
| Underlying | 4 indices | 4 indices | 191 securities | 191 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 4 serial weekly cycles excluding the monthly expiry and 3 consecutive months trading cycle – Near-Month, Mid-Month and Far-Month. |
Nifty 50 Index, Nifty Bank Index, Nifty Financial Services Index and Nifty Midcap Select 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). |
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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: 05/01/2023
