NATIONAL
STOCK EXCHANGE OF INDIA LIMITED
FUTURES AND OPTIONS SEGMENT
CIRCULAR
Circular No.: NSE/F&O/042/2009
Download No. NSE/FAOP/12491
Date: May 29, 2009
Dear Members,
Subject: Revision of Market
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 |
June 26,
2009 (for all
contracts) |
1 |
|
2 |
Higher than INR 400,000 |
Dividing
existing lot by 2 |
June 26,
2009 (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. |
June 26,
2009 (for September
2009 & later expiries) |
3 |
|
4 |
Lower than
INR 200,000 |
Multiplying
existing lot by 2 and its multiples |
June 26,
2009 (for September
2009 & later expiries) |
4 |
To avoid operational complexities, in case 3 &
4 above, only the far month contract i.e. September 2009 expiry contracts will
be revised for market lots. Contracts with maturity of July 2009 and August
2009 would continue to have the existing market lots. All subsequent contracts
(i.e., September 2009 expiry and beyond) will have revised market lots.
For any clarifications, members are advised to contact the following officials:
Mr. Sachin Dhar and Mr. Janardhan Gujaran at 26598151 or 26598152
Yours faithfully,
For National Stock Exchange of India Ltd.
Suprabhat Lala
Assistant 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 |
Aurobindo Pharma Ltd |
AUROPHARMA |
2800 |
700 |
|
2 |
Bajaj Auto Limited |
BAJAJ-AUTO |
800 |
200 |
|
3 |
Bajaj Hindusthan Ltd |
BAJAJHIND |
5700 |
1425 |
|
4 |
Balrampur Chini Mills Ltd |
BALRAMCHIN |
9600 |
2400 |
|
5 |
Dish TV India Limited |
DISHTV |
20600 |
5150 |
|
6 |
Financial Technologies (India) Limited |
FINANTECH |
600 |
150 |
|
7 |
GMR Infrastructure Limited |
GMRINFRA |
5000 |
1250 |
|
8 |
GVK Power & Infrastructure Limited |
GVKPIL |
19000 |
4750 |
|
9 |
Hindustan Construction Co. Ltd |
HCC |
8400 |
2100 |
|
10 |
Housing Development and Infrastructure Limited |
HDIL |
3096 |
774 |
|
11 |
Jaiprakash
Associates Limited |
JPASSOCIAT |
4500 |
1125 |
|
12 |
Jaiprakash
Hydro-Power Limited |
JPHYDRO |
12500 |
3125 |
|
13 |
LIC Housing Finance Ltd |
LICHSGFIN |
1700 |
425 |
|
14 |
Mahindra & Mahindra Ltd. |
M&M |
1248 |
312 |
|
15 |
Maruti
Suzuki India Limited |
MARUTI |
800 |
200 |
|
16 |
Nagarjuna
Fertilizer & Chemicals Ltd. |
NAGARFERT |
21000 |
5250 |
|
17 |
National Aluminium Company Limited |
NATIONALUM |
2300 |
575 |
|
18 |
Neyveli
Lignite Corporation Limited |
NEYVELILIG |
5900 |
1475 |
|
19 |
Steel Authority of India Ltd. |
SAIL |
5400 |
1350 |
Annexure-2
List of underlying in which
market lot is being revised Downwards:
|
Sr No |
Underlying |
Symbol |
Present Market Lot |
Revised market Lot |
|
1 |
Adlabs
Films Ltd |
ADLABSFILM |
1800 |
900 |
|
2 |
Allahabad Bank |
ALBK |
4900 |
2450 |
|
3 |
Alstom
Projects India Ltd |
APIL |
1200 |
600 |
|
4 |
Andhra Bank |
ANDHRABANK |
4600 |
2300 |
|
5 |
Ashok Leyland Ltd |
ASHOKLEY |
19100 |
9550 |
|
6 |
Asian Paints Limited |
ASIANPAINT |
400 |
200 |
|
7 |
Associated Cement Co. Ltd. |
ACC |
752 |
376 |
|
8 |
Axis Bank Ltd. |
AXISBANK |
900 |
450 |
|
9 |
Bank Of Baroda |
BANKBARODA |
1400 |
700 |
|
10 |
Bharat Earth Movers Ltd. |
BEML |
750 |
375 |
|
11 |
Bharat Electronics Ltd. |
BEL |
552 |
276 |
|
12 |
Bharat Forge Co Ltd |
BHARATFORG |
4000 |
2000 |
|
13 |
Bharat Heavy Electricals Ltd. |
BHEL |
300 |
150 |
|
14 |
Bharat Petroleum Corporation Ltd. |
BPCL |
1100 |
550 |
|
15 |
Bharti Airtel Ltd |
BHARTIARTL |
500 |
250 |
|
16 |
Bhushan
Steel & Strips Lt |
BHUSANSTL |
1000 |
500 |
|
17 |
Biocon
Limited. |
BIOCON |
3600 |
1800 |
|
18 |
Bombay Rayon Fashions Ltd |
BRFL |
2300 |
1150 |
|
19 |
Cairn India Limited |
CAIRN |
2500 |
1250 |
|
20 |
Canara Bank |
CANBK |
1600 |
800 |
|
21 |
Century Textiles Ltd |
CENTURYTEX |
1696 |
848 |
|
22 |
Chambal Fertilizers Ltd. |
CHAMBLFERT |
6900 |
3450 |
|
23 |
Chennai Petroleum Corporation Ltd. |
CHENNPETRO |
3600 |
1800 |
|
24 |
Container Corporation Of India Limited |
CONCOR |
500 |
250 |
|
25 |
Crompton Greaves Ltd. |
CROMPGREAV |
2000 |
1000 |
|
26 |
Cummins India Ltd |
CUMMINSIND |
1900 |
950 |
|
27 |
Deccan Chronicle Holdings Ltd. |
DCHL |
6800 |
3400 |
|
28 |
Dena Bank |
DENABANK |
10500 |
5250 |
|
29 |
Dlf
Limited |
DLF |
1600 |
800 |
|
30 |
Dr. Reddy'S Laboratories Ltd. |
DRREDDY |
800 |
400 |
|
31 |
Educomp
Solutions Ltd |
EDUCOMP |
150 |
75 |
|
32 |
Essar Oil
Ltd. |
ESSAROIL |
2824 |
1412 |
|
33 |
Federal Bank Ltd. |
FEDERALBNK |
1702 |
851 |
|
34 |
Firstsource
Solutions Limited |
FSL |
19000 |
9500 |
|
35 |
Grasim Industries Ltd. |
GRASIM |
352 |
176 |
|
36 |
Gtl
Infrastructure Limited |
GTLINFRA |
9700 |
4850 |
|
37 |
Gtl Ltd. |
GTL |
1500 |
750 |
|
38 |
Gujarat State Petronet Limited |
GSPL |
12200 |
6100 |
|
39 |
Hcl
Technologies Ltd. |
HCLTECH |
2600 |
1300 |
|
40 |
Hdfc Bank
Ltd. |
HDFCBANK |
400 |
200 |
|
41 |
Hero Honda Motors Ltd. |
HEROHONDA |
400 |
200 |
|
42 |
Hindalco
Industries Ltd. |
HINDALCO |
7036 |
3518 |
|
43 |
Hindustan Petroleum Corporation Ltd. |
HINDPETRO |
1300 |
650 |
|
44 |
Hindustan Zinc Limited
|
HINDZINC |
1000 |
500 |
|
45 |
Hotel Leela Ventures Ltd |
HOTELEELA |
15000 |
7500 |
|
46 |
Icici Bank
Ltd. |
ICICIBANK |
700 |
350 |
|
47 |
Icsa
(India) Limited |
ICSA |
2400 |
1200 |
|
48 |
Idea Cellular Ltd. |
IDEA |
5400 |
2700 |
|
49 |
Ifci Ltd. |
IFCI |
15760 |
7880 |
|
50 |
India Cements Ltd. |
INDIACEM |
2900 |
1450 |
|
51 |
India Infoline Limited |
INDIAINFO |
5000 |
2500 |
|
52 |
Indiabulls Real
Estate Limited |
IBREALEST |
2600 |
1300 |
|
53 |
Indian Hotels Co. Ltd. |
INDHOTEL |
7596 |
3798 |
|
54 |
Indian Overseas Bank |
IOB |
5900 |
2950 |
|
55 |
Indusind Bank
Ltd. |
INDUSINDBK |
7700 |
3850 |
|
56 |
Industrial Development Bank Of India Ltd. |
IDBI |
4800 |
2400 |
|
57 |
Infrastructure Development Finance Company Ltd. |
IDFC |
5900 |
2950 |
|
58 |
Ispat
Industries Limited |
ISPATIND |
24900 |
12450 |
|
59 |
Itc Ltd. |
ITC |
2250 |
1125 |
|
60 |
Ivrcl
Infrastructure & Projects Ltd. |
IVRCLINFRA |
2000 |
1000 |
|
61 |
Jindal
Steel & Power Ltd |
JINDALSTEL |
320 |
160 |
|
62 |
Kingfisher Airlines Limited |
KFA |
8500 |
4250 |
|
63 |
Kotak
Mahindra Bank Ltd. |
KOTAKBANK |
1100 |
550 |
|
64 |
Larsen & Toubro Ltd. |
LT |
400 |
200 |
|
65 |
Mangalore Refinery And Petrochemicals Ltd. |
MRPL |
8900 |
4450 |
|
66 |
Mercator Lines Limited |
MLL |
9800 |
4900 |
|
67 |
Moser-Baer (I) Ltd |
MOSERBAER |
4950 |
2475 |
|
68 |
Mphasis Ltd. |
MPHASIS |
1600 |
800 |
|
69 |
Nagarjuna Constrn. Co. Ltd. |
NAGARCONST |
4000 |
2000 |
|
70 |
Noida Toll
Bridge Company Ltd |
NOIDATOLL |
16400 |
8200 |
|
71 |
Oil & Natural Gas Corp. Ltd. |
ONGC |
450 |
225 |
|
72 |
Opto
Circuits (India) Limited |
OPTOCIRCUI |
4080 |
2040 |
|
73 |
Oracle Financial Services Software Limited |
OFSS |
600 |
300 |
|
74 |
Orchid Chemicals Ltd. |
ORCHIDCHEM |
4200 |
2100 |
|
75 |
Oriental Bank Of Commerce |
ORIENTBANK |
2400 |
1200 |
|
76 |
Pantaloon Retail (I) Ltd |
PANTALOONR |
1700 |
850 |
|
77 |
Patel Engineering Ltd. |
PATELENG |
2000 |
1000 |
|
78 |
Patni
Computer Syst Ltd |
PATNI |
2600 |
1300 |
|
79 |
Petronet Lng Limited |
PETRONET |
8800 |
4400 |
|
80 |
Polaris Software Lab Ltd. |
POLARIS |
5600 |
2800 |
|
81 |
Power Finance Corporation Ltd. |
PFC |
2400 |
1200 |
|
82 |
Power Grid Corporation Of India Ltd. |
POWERGRID |
3850 |
1925 |
|
83 |
Praj
Industries Ltd. |
PRAJIND |
4400 |
2200 |
|
84 |
Ptc
India Limited |
PTC |
4700 |
2350 |
|
85 |
Punjab National Bank |
PNB |
600 |
300 |
|
86 |
Ranbaxy Laboratories Ltd. |
RANBAXY |
1600 |
800 |
|
87 |
Rel. Nat. Resources Ltd. |
RNRL |
7152 |
3576 |
|
88 |
Reliance Capital Ltd |
RELCAPITAL |
552 |
276 |
|
89 |
Reliance Communications Ltd. |
RCOM |
1400 |
700 |
|
90 |
Reliance Industries Ltd. |
RELIANCE |
300 |
150 |
|
91 |
Reliance Infrastructure Limited |
RELINFRA |
552 |
276 |
|
92 |
Reliance Petroleum Ltd. |
RPL |
3350 |
1675 |
|
93 |
Rural Electrification Corporation Ltd. |
RECLTD |
3900 |
1950 |
|
94 |
Sesa Goa
Ltd. |
SESAGOA |
3000 |
1500 |
|
95 |
Shipping Corporation Of India Ltd. |
SCI |
4800 |
2400 |
|
96 |
Shree Renuka Sugars Ltd. |
RENUKA |
5000 |
2500 |
|
97 |
Siemens Ltd |
SIEMENS |
1504 |
752 |
|
98 |
State Bank Of India |
SBIN |
264 |
132 |
|
99 |
Sterlite
Industries (I) Ltd |
STER |
876 |
438 |
|
100 |
Sun Tv Network Ltd. |
SUNTV |
2000 |
1000 |
|
101 |
Suzlon
Energy Ltd. |
SUZLON |
6000 |
3000 |
|
102 |
Tata Chemicals Ltd |
TATACHEM |
2700 |
1350 |
|
103 |
Tata Communications Ltd |
TATACOMM |
1050 |
525 |
|
104 |
Tata Motors Ltd. |
TATAMOTORS |
1700 |
850 |
|
105 |
Tata Power Co. Ltd. |
TATAPOWER |
400 |
200 |
|
106 |
Tata Steel Ltd. |
TATASTEEL |
1528 |
764 |
|
107 |
Tech Mahindra Limited
|
TECHM |
1200 |
600 |
|
108 |
Television Eighteen India Ltd. |
TV-18 |
3400 |
1700 |
|
109 |
The Great Eastern Shipping Co. Ltd. |
GESHIP |
2400 |
1200 |
|
110 |
Titan Industries Ltd. |
TITAN |
412 |
206 |
|
111 |
Triveni Engg. & Inds. Ltd. |
TRIVENI |
7700 |
3850 |
|
112 |
Tulip It Services Ltd
|
TULIP |
1000 |
500 |
|
113 |
Uco Bank |
UCOBANK |
10000 |
5000 |
|
114 |
Ultratech
Cement Ltd. |
ULTRACEMCO |
800 |
400 |
|
115 |
Union Bank Of India |
UNIONBANK |
2100 |
1050 |
|
116 |
Unitech Ltd |
UNITECH |
9000 |
4500 |
|
117 |
United Phosphorous Ltd |
UNIPHOS |
2800 |
1400 |
|
118 |
Voltas Ltd. |
VOLTAS |
5400 |
2700 |
|
119 |
Welspun Guj St. Ro. Ltd.
|
WELGUJ |
3200 |
1600 |
|
120 |
Wipro Ltd. |
WIPRO |
1200 |
600 |
|
121 |
Yes Bank Limited |
YESBANK |
4400 |
2200 |
|
122 |
Zee Entertainment Enterprises Ltd. |
ZEEL |
2800 |
1400 |
Annexure-3
List of underlying in which
market lot is being revised downwards and rounded off to nearest even integer:
|
Sr No |
Underlying |
Symbol |
Present Market Lot |
Revised market Lot |
|
1 |
JSW Steel Limited |
JSWSTEEL |
1650 |
412 |
|
2 |
Lanco Infratech Limited |
LITL |
2550 |
638 |
Annexure-4
List of underlying in
which market lot is being revised upwards:
|
Sr No |
Underlying |
Symbol |
Present Market Lot |
Revised market Lot |
|
1 |
Sterling Biotech Limited |
STERLINBIO |
1250 |
2500 |