26-Mar-2025 | 86.9500

06-Mar-2025 15:01

Lac Crs 439.07 | Tn $ 5.28

03-Jan-2025

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Contract Specifications


Equity Derivatives
Parameter Index Futures Index Options Futures on Individual Securities Options on Individual Securities
Underlying 5 indices 5 indices 182 securities 182 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
Strike Price - Strike Price - Strike Price
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, Nifty Bank Index, Nifty Financial Services Index and Nifty Midcap Select Index will have 4 weekly expiration contracts (excluding monthly contracts) and 3 monthly expiration contracts.

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).
 
Expiry Day
  • For Nifty 50 Index : Last Thursday of the expiry period. If the last Thursday is a trading holiday, then the expiry day is the previous trading day.
  • For Nifty Bank Index : Last Wednesday of the expiry period. If the last Wednesday is a trading holiday, then the expiry day is the previous trading day.
  • For Nifty Financial Services Index : Last Tuesday of the expiry period. If the last Tuesday is a trading holiday, then the expiry day is the previous trading day.
  • For Nifty Midcap Select Index : Last Monday of the expiry period. If the last Monday is a trading holiday, then the expiry day is the previous trading day.
  • For Nifty Next 50 Index : Last Friday of the expiry period. If the last Friday is a trading holiday, then the expiry day is the previous trading day.
  • For Individual Securities: Last Thursday of the expiry period. If the last Thursday is a trading holiday, then the expiry day is the previous trading day.
Strike Price Intervals - Depending on underlying price - Depending on Underlying volatility*
Price Steps Rs.0.05 Rs.0.05 Rs.0.05 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: 18/04/2024