NSE to revise lot size for 106 F&O contracts

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

FUTURES AND OPTIONS SEGMENT

 

CIRCULAR

 

Circular No.: NSE/F&O/108/2007                                                                                                                   Date: December 7, 2007

Download No. NSE/FAOP/9871

 

 

Dear Members,

Subject: Revision of Market Lot of Derivative Contracts

 

 

Exchange reviews on a periodic basis the contract size/value of derivative contracts based on prescribed minimum value of INR 200,000 as per SEBI circular no. SEBI/DNPD/CIR-20/2004/02/23 dated February 23, 2004.   It is proposed to carry out revision of market lots for derivatives contract as given below:

 

Sr No

 

Underlying whose Derivative contract size /value is

Revising methodology

Effective date

Annexure Number for list of underlying

1

Higher than INR 800,000

Dividing existing lot by 4

December 28, 2007

(for all contracts)

1

2

Higher than INR 400,000

Dividing existing lot by 2

December 28, 2007

(for all contracts)

2

3

Higher than INR 800,000 but lot size not exactly divisible by  4

Dividing existing lot by 4 & rounding off to nearest even integer.

December 28, 2007

 (for March 2008 & later expiries)

3

4

Higher than INR 400,000 but lot size not exactly divisible by  2

Dividing existing lot by 2 & rounding off to nearest even integer.

December 28, 2007

 (for March 2008 & later expiries)

4

5

Lower  than INR 200,000

Multiplying existing lot by 2

December 28, 2007

 (for March 2008 & later expiries)

5

 

To avoid operational complexities, in cases 3, 4 & 5 above, only the far month contract i.e. March 2008 expiry contracts will be revised for market lots. Contracts with maturity of January 2008 and February 2008 would continue to have the existing market lots. All subsequent contracts (i.e., March 2008 expiry and beyond) will have revised market lots.

 

 

For any clarifications, members are advised to contact the following officials:

Mr. Sachin Dhar, Mr. Janardhan Gujaran and Mr. Arvind Goyal at 26598151 or 26598152

 

 

Yours faithfully,

For National Stock Exchange of India Ltd.

 

 

T S Jagadharini

Vice President


Annexure-1

 

List of underlying in which market lot is being revised downwards:

Sr No

Underlying

Symbol

Present Market Lot

Revised market Lot

1

Aban Offshore Ltd.

ABAN

200

50

2

Bharat Heavy Electricals Ltd.

BHEL

300

75

3

GMR Infrastructure Ltd.

GMRINFRA

5000

1250

4

Larsen & Toubro Ltd.

LT

200

50

5

Mangalore Refinery And Petrochemicals Ltd.

MRPL

8900

2225

6

Nagarjuna Fertiliser & Chemicals Ltd.

NAGARFERT

14000

3500

7

Neyveli Lignite Corporation Ltd.

NEYVELILIG

5900

1475

8

Triveni Engg. & Inds. Ltd.

TRIVENI

7700

1925

9

Voltas Ltd.

VOLTAS

3600

900

 

                                                                       Annexure-2

 

List of underlying in which market lot is being revised downwards:

Sr No

Underlying

Symbol

Present Market Lot

Revised market Lot

1

ABB Ltd.

ABB

500

250

2

Adlabs Films Ltd

ADLABSFILM

450

225

3

Deccan Aviation Limited

AIRDECCAN

1700

850

4

Alstom Projects India Ltd

APIL

400

200

5

Axis Bank Ltd.

AXISBANK

450

225

6

Bajaj Hindustan Ltd.

BAJAJHIND

1900

950

7

Balrampur Chini Mills Ltd.

BALRAMCHIN

4800

2400

8

Bank Of Baroda

BANKBARODA

1400

700

9

Bank Of India

BANKINDIA

1900

950

10

BANK Nifty

BANKNIFTY

50

25

11

Bharat Earth Movers Ltd.

BEML

250

125

12

Bharti Airtel Ltd

BHARTIARTL

500

250

13

Bongaigaon Refinery Ltd.

BONGAIREFN

4500

2250

14

Bharat Petroleum Corporation Ltd.

BPCL

1100

550

15

Cairn India Limited

CAIRN

2500

1250

16

Canara Bank

CANBK

1600

800

17

Chambal Fertilizers Ltd.

CHAMBLFERT

6900

3450

18

Chennai Petroleum Corporation Ltd.

CHENNPETRO

1800

900

19

Corporation Bank

CORPBANK

1200

600

20

Crompton Greaves Ltd.

CROMPGREAV

1000

500

21

Cummins India Ltd

CUMMINSIND

950

475

22

Dena Bank

DENABANK

5250

2625

23

DIVI’S Laboratories Ltd.

DIVISLAB

310

155

24

Educomp Solutions Ltd

EDUCOMP

150

75

25

Federal Bank Ltd.

FEDERALBNK

1702

851

26

The Great Eastern Shipping Co. Ltd.

GESHIP

1200

600

27

Gujarat Narmada Fertilizer Co. Ltd.

GNFC

2950

1475

28

GTL Ltd.

GTL

1500

750

29

Housing Development Finance Corporation Ltd.

HDFC

150

75

30

Hindustan Zinc Limited       

HINDZINC

500

250

31

ICICI Bank Ltd.

ICICIBANK

350

175

32

Industrial Development Bank Of India Ltd.

IDBI

2400

1200

33

Infrastructure Development Finance Company Ltd.

IDFC

2950

1475

34

India Cements Ltd.

INDIACEM

1450

725

35

India Infoline Limited

INDIAINFO

500

250

36

Indian Bank

INDIANB

2200

1100

37

Indusind Bank Ltd.

INDUSINDBK

3850

1925

38

Indian Overseas Bank

IOB

2950

1475

39

Itc Ltd.

ITC

2250

1125

40

Jaiprakash Associates Ltd.

JPASSOCIAT

300

150

41

Jaiprakash Hydro-Power Ltd.

JPHYDRO

6250

3125

42

Jindal Stainless Ltd.

JSTAINLESS

2000

1000

43

JSW Steel Ltd.

JSWSTEEL

550

275

44

Kotak Mahindra Bank Ltd.

KOTAKBANK

550

275

45

LIC Housing Finance Ltd

LICHSGFIN

1700

850

46

Lanco Infratech Ltd.

LITL

850

425

47

Maruti Udyog Ltd.

MARUTI

400

200

48

United Spirits Ltd.

MCDOWELL-N

250

125

49

National Aluminium Co. Ltd.

NATIONALUM

1150

575

50

NDTV Ltd.

NDTV

1100

550

51

Patel Engineering Ltd.

PATELENG

500

250

52

Petronet Lng Limited

PETRONET

4400

2200

53

Power Finance Corporation Ltd.

PFC

2400

1200

54

Power Grid Corporation Of India Ltd.

POWERGRID

3850

1925

55

Praj Industries Ltd.

PRAJIND

2200

1100

56

Punj Lloyd Ltd.

PUNJLLOYD

1500

750

57

Rajesh Exports Ltd

RAJESHEXPO

550

275

58

Reliance Communications Ltd.

RCOM

700

350

59

Reliance Industries Ltd.

RELIANCE

150

75

60

Shree Renuka Sugars Ltd.

RENUKA

1000

500

61

Reliance Petroleum Ltd.

RPL

3350

1675

62

Steel Authority Of India Ltd.

SAIL

2700

1350

63

State Bank Of India

SBIN

250

125

64

Shipping Corporation Of India Ltd.

SCI

1600

800

65

Sesa Goa Ltd.

SESAGOA

150

75

66

S Kumars Nationwide Ltd

SKUMARSYNF

2600

1300

67

Sterlite Industries (I) Ltd

STER

438

219

68

Syndicate Bank

SYNDIBANK

3800

1900

69

Tata Chemicals Ltd

TATACHEM

1350

675

70

Tata Power Co. Ltd.

TATAPOWER

400

200

71

Tata Steel Ltd.

TATASTEEL

764

382

72

Tata Tea Ltd.

TATATEA

550

275

73

Tata Teleservices (Maharashtra)

TTML

10450

5225

74

Vijaya Bank

VIJAYABANK

6900

3450

 

                                                                       Annexure-3

 

List of underlying in which market lot is being revised downward and rounded off to nearest even integer:

Sr No

Underlying

Symbol

Present Market Lot

Revised market Lot

1

Essar Oil Ltd.

ESSAROIL

5650

1412

2

IFCI Ltd.

IFCI

7875

1970

3

Jindal Steel & Power Ltd

JINDALSTEL

125

32

4

Reliance Energy Ltd.

REL

550

138

5

Reliance Capital Ltd

RELCAPITAL

550

138

6

Reliance Natural Resources Ltd.

RNRL

7150

1788

 

                                                                        Annexure-4

 

List of underlying in which market lot is being revised downward and rounded off to nearest even integer:

Sr No

Underlying

Symbol

Present Market Lot

Revised market Lot

1

Associated Cement Co. Ltd.

ACC

375

188

2

Bharat Electronics Ltd.

BEL

275

138

3

Century Textiles Ltd

CENTURYTEX

425

212

 

 

                                                                        Annexure-5

 

List of underlying in which market lot is being revised upwards:

Sr No

Underlying

Symbol

Present Market Lot

Revised market Lot

1

3I Infotech Ltd.           

3IINFOTECH

1350

2700

2

Ansal Prop & Infra Ltd

ANSALINFRA

650

1300

3

Aurobindo Pharma Ltd.

AUROPHARMA

350

700

4

Hinduja Ventures Ltd.

HINDUJAVEN

250

500

5

HTMT Global Solutions Ltd.

HTMTGLOBAL

250

500

6

Infosys Technologies Ltd.

INFOSYSTCH

100

200

7

IVR Prime Urban Developers Ltd.

IVRPRIME

400

800

8

Lupin Ltd.

LUPIN

350

700

9

NIIT Technologies Ltd.       

NIITTECH

600

1200

10

Polaris Software Lab Ltd.

POLARIS

1400

2800

11

Sasken Commu Techno Ltd    

SASKEN

550

1100

12

Sterling Biotech Ltd

STERLINBIO

1250

2500

13

Sun TV Network Ltd.

SUNTV

500

1000

14

Ultratech Cement Ltd.

ULTRACEMCO

200

400

 

 

 

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