NATIONAL STOCK EXCHANGE OF INDIA LIMITED
FUTURES
AND OPTIONS SEGMENT
CIRCULAR
Circular No.: NSE/F&O/010/2007 Date: February 6, 2007
Download
No. NSE/FAOP/8483
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 |
February 23, 2007 (for all contracts) |
1 |
|
2 |
Higher than INR 400,000 |
Dividing existing lot by 2 |
February 23, 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 integer. |
February 23, 2007 (for May 2007 & 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 integer. |
February 23, 2007 (for May 2007 & later expiries) |
4 |
|
5 |
Lower
than INR 200,000 |
Multiplying existing lot by 2 |
February 23, 2007 (for May 2007 & later expiries) |
5 |
To
avoid operational complexities, in cases 3, 4 & 5
above, only the far month contract i.e. May 2007 expiry contracts will be
revised for market lots. Contracts with maturity of March 2007 and April 2007
would continue to have the existing market lots. All subsequent contracts
(i.e., May 2007 expiry and beyond) will have revised market lots.
For
any clarifications, members are advised to contact the following officials:
Mr. Arvind Goyal, Mr. Sachin Dhar & Ms. Shalini Rebeiro at 26598151 or
26598152
Yours faithfully,
For National Stock Exchange of India Ltd.
T
Vice
President
Annexure-1
List of underlying in which market lot is being revised
downwards:
|
Sr
No |
Underlying |
Symbol |
Present Market |
Revised market Lot |
|
1 |
IFCI Ltd |
IFCI |
31500 |
7875 |
Annexure-2
List of underlying in which market lot is being revised
downwards:
|
Sr
No |
Underlying |
Symbol |
Present Market |
Revised market Lot |
|
1 |
NSE 50 Index |
NIFTY |
100 |
50 |
|
2 |
BANK Nifty Index |
BANKNIFTY |
100 |
50 |
|
3 |
Allahabad Bank |
ALBK |
4900 |
2450 |
|
4 |
Alok
Industries Ltd |
ALOKTEXT |
6700 |
3350 |
|
5 |
Andhra Bank Ltd |
ANDHRABANK |
4600 |
2300 |
|
6 |
Ashok
Leyland Ltd |
ASHOKLEY |
9550 |
4775 |
|
7 |
Bank Of |
BANKINDIA |
3800 |
1900 |
|
8 |
Bharti
Airtel Limited |
BHARTIARTL |
1000 |
500 |
|
9 |
Century Textiles Ltd |
CENTURYTEX |
850 |
425 |
|
10 |
CESC Ltd |
CESC |
1100 |
550 |
|
11 |
Cummins India Ltd |
CUMMINSIND |
1900 |
950 |
|
12 |
Escorts India Ltd |
ESCORTS |
4800 |
2400 |
|
13 |
Gail ( |
GAIL |
1500 |
750 |
|
14 |
HCL Technologies Ltd |
HCLTECH |
650 |
325 |
|
15 |
HDFC Ltd |
HDFC |
300 |
150 |
|
16 |
HDFC Bank Ltd |
HDFCBANK |
400 |
200 |
|
17 |
ICICI Bank Ltd. |
ICICIBANK |
700 |
350 |
|
18 |
Indus Dev Bank Of Ind
Ltd |
IDBI |
4800 |
2400 |
|
19 |
Infra. Dev. Fin. Co.
Ltd |
IDFC |
5900 |
2950 |
|
20 |
I-Flex Solutions Limited |
I-FLEX |
300 |
150 |
|
21 |
Indusind
Bank Limited |
INDUSINDBK |
7700 |
3850 |
|
22 |
Infosys
Technologies Ltd |
INFOSYSTCH |
200 |
100 |
|
23 |
IVRCL Infrast & Proj Ltd. |
IVRCLINFRA |
1000 |
500 |
|
24 |
J & K Bank Ltd. |
J&KBANK |
600 |
300 |
|
25 |
Jindal
Steel & Power Ltd |
JINDALSTEL |
250 |
125 |
|
26 |
Jaiprakash
Hydropow Ltd.
|
JPHYDRO |
12500 |
6250 |
|
27 |
Jindal
Stainless Ltd |
JSTAINLESS |
4000 |
2000 |
|
28 |
Karnataka Bank Limited |
KTKBANK |
2500 |
1250 |
|
29 |
|
MAHSEAMLES |
1200 |
600 |
|
30 |
Mphasis
Limited |
MPHASIS |
1600 |
800 |
|
31 |
Nagarjuna
Fertilizers Ltd |
NAGARFERT |
28000 |
14000 |
|
32 |
NDTV Ltd |
NDTV |
2200 |
1100 |
|
33 |
Nicolas Piramal India
Ltd |
NICOLASPIR |
2090 |
1045 |
|
34 |
NTPC Ltd |
NTPC |
3250 |
1625 |
|
35 |
Oil And Natural Gas Corp. |
ONGC |
450 |
225 |
|
36 |
Punjab National Bank |
PNB |
1200 |
600 |
|
37 |
Polaris Software Lab Ltd |
POLARIS |
2800 |
1400 |
|
38 |
Reliance Industries Ltd |
RELIANCE |
300 |
150 |
|
39 |
State Bank Of |
SBIN |
500 |
250 |
|
40 |
Sun Pharmaceuticals |
SUNPHARMA |
450 |
225 |
|
41 |
Sun TV Limited |
SUNTV |
250 |
125 |
|
42 |
Syndicate Bank |
SYNDIBANK |
7600 |
3800 |
|
43 |
Tata
Power Co Ltd |
TATAPOWER |
800 |
400 |
|
44 |
Union Bank Of |
UNIONBANK |
4200 |
2100 |
|
45 |
UTI Bank Ltd |
UTIBANK |
900 |
450 |
Annexure-3
List of underlying in which market lot is being revised
downward and rounded off to nearest integer:
|
Sr
No |
Underlying |
Symbol |
Present Market |
Revised market Lot |
|
1 |
Divis
Lab Ltd |
DIVISLAB |
250 |
62 |
Annexure-4
List of underlying in which market lot is being revised
downward and rounded off to nearest integer:
|
Sr
No |
Underlying |
Symbol |
Present Market |
Revised market Lot |
|
1 |
Grasim
Industries Ltd |
GRASIM |
175 |
88 |
|
2 |
Mahindra
& Mahindra Ltd |
M&M |
625 |
312 |
|
3 |
Siemens Ltd |
SIEMENS |
375 |
188 |
|
4 |
Sterlite
Inds ( |
STER |
875 |
438 |
|
5 |
Titan Industries Ltd |
TITAN |
411 |
206 |
Annexure-5
List of underlying in which market lot is being revised
upwards:
|
Sr
No |
Underlying |
Symbol |
Present Market |
Revised market Lot |
|
1 |
Bajaj
Hindustan Ltd |
BAJAJHIND |
950 |
1900 |
|
2 |
Balrampur
Chini Mills Ltd
|
BALRAMCHIN |
2400 |
4800 |
|
3 |
Cairn India Limited |
CAIRN |
1250 |
2500 |
|
4 |
Chennai Petroleum Corp Lt |
CHENNPETRO |
900 |
1800 |
|
5 |
Colgate Palmolive (I) Ltd |
COLGATE |
525 |
1050 |
|
6 |
Gateway Distriparks Ltd. |
GDL |
1000 |
2000 |
|
7 |
The GeShpg.Ltd |
GESHIP |
600 |
1200 |
|
8 |
ITC Ltd |
ITC |
1125 |
2250 |
|
9 |
Shree
Renuka Sugars Ltd |
RENUKA |
500 |
1000 |
|
10 |
Tata
Tea Ltd |
TATATEA |
275 |
550 |
|
11 |
Triveni
Engg. & Inds.
Ltd |
TRIVENI |
3850 |
7700 |
|
12 |
Voltas
Ltd |
|
1800 |
3600 |