According to SEBI circular SEBI/HO/MRD/TPD-1/P/CIR/2024/132 dated October 01, 2024, any index derivative contract introduced to the market from trade date 21st November 2024 must have a minimum value of ₹15 lakhs to ₹20 lakhs. This requirement applies to all index derivative contracts—weekly, monthly, quarterly, and half-yearly.
For contracts introduced before 21st November 2024, the following conditions will apply:
- The lot size for weekly and monthly contracts will remain unchanged until their expiration.
- The lot size of existing quarterly and half-yearly contracts will change to the new lot size at the end of the day on December 24, 2024 (for BANKNIFTY), December 26, 2024 (for NIFTY), and December 27, 2024 (for Sensex).
- If you hold existing contracts in Nifty, Bank Nifty, or Sensex after these respective dates and the quantities do not align with the new lot sizes, you will not be able to close these positions and must hold them until expiration.
- To align your position with the new lot size, you can either buy or sell additional quantities or liquidate your position entirely before the change occurs.
For contracts introduced before 21st November 2024, the following conditions will apply:
Sr. No. | Underlying Index | Symbol | Existing Lot size | Revised Market lot |
1 | NIFTY 50 | NIFTY | 25 | 75 |
2 | Nifty Bank | BANKNIFTY | 15 | 30 |
3 | Nifty Financial Services | FINNIFTY | 25 | 65 |
4 | Nifty Midcap Select | MIDCPNIFTY | 50 | 120 |
5 | Nifty Next 50 | NIFTYNXT50 | 10 | 25 |
6 | BSE Sensex | SENSEX | 10 | 20 |
7 | BSE Bankex | BANKEX | 15 | 30 |
8 | BSE Sensex 50 | SENSEX50 | 25 | 60 |
Underlying Index | Expiration Cycle | Expiry Date | Effective change |
Nifty 50 | Weekly | December 19, 2024 | Last weekly expiry with existing lot size |
Weekly | January 02, 2025 | First weekly expiry with revised lot size | |
Monthly | January 30, 2025 | Last monthly expiry with existing lot size | |
Monthly | February 27, 2025 | First monthly expiry with revised lot size | |
Quarterly & half yearly | March 27, 2025 | Will be revised from December 26, 2024, end of the day | |
Nifty Bank | Monthly | January 29, 2025 | Last monthly expiry with existing lot size |
Monthly | February 26, 2025 | First monthly expiry with revised lot size | |
Quarterly | March 26, 2025 | Will be revised from December 24, 2024, end of the day | |
Nifty Financial Services | Monthly | January 28, 2025 | Last monthly expiry with existing lot size |
Monthly | February 25, 2025 | First monthly expiry with revised lot size | |
Nifty Midcap Select | Monthly | January 27, 2025 | Last monthly expiry with existing lot size |
Monthly | February 24, 2025 | First monthly expiry with revised lot size | |
Nifty Next 50 | Monthly | January 31, 2025 | Last monthly expiry with existing lot size |
Monthly | February 28, 2025 | First monthly expiry with revised lot size | |
Sensex | Weekly | January 03, 2025 | Last weekly expiry with existing lot size |
Weekly | January 10, 2025 | First weekly expiry with revised lot size | |
Monthly | January 31, 2025 | Last monthly expiry with existing lot size | |
Monthly | February 28, 2025 | First monthly expiry with revised lot size | |
Quarterly & half yearly | March 28, 2025 | Will be revised from December 27, 2024, end of the day | |
BSE Bankex | Monthly | January 27, 2025 | Last monthly expiry with existing lot size |
Monthly | February 24, 2025 | First monthly expiry with revised lot size | |
BSE Sensex 50 | Monthly | January 30, 2025 | Last monthly expiry with existing lot size |
Monthly | February 27, 2025 | First monthly expiry with revised lot size |