Contract Specifications
| Equity Derivatives | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Parameter | Index Futures | Index Options | Futures on Individual Securities | Options on Individual Securities | ||||||||
| Underlying | 5 indices | 5 indices | 224 securities | 224 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 | ||||||||
| Trading Cycle |
Nifty 50 Index Futures, Nifty Bank Index Futures, Nifty Financial Services Index, Nifty Midcap Select Index and Nifty Next 50 Index will have 3 consecutive months trading cycle – Near-Month, Mid-Month and Far-Month. |
Nifty 50 Index will have 4 weekly expiration contracts (excluding monthly contracts) and 3 monthly expiration contracts. Nifty Bank Index, Nifty Financial Services Index, Nifty Midcap Select Index and Nifty Next 50 Index will have 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 |
Note: The Expiry Day of Index and Stock Derivatives Contracts has been revised to Tuesday. For more information, kindly refer to circular NSE/FAOP/68747 |
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| Strike Price Intervals | - | Depending on underlying price | - | Depending on Underlying volatility* | ||||||||
| Price Steps | Rs.0.05 |
Circular reference: NSE/FAOP/67135 |
The stock futures shall have the same tick size as applicable for underlying security in CM Segment Circular reference: NSE/FAOP/67134 |
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: 27/06/2025
