Lot size changed for Bank Nifty and 78 other scrips from July expiry

The lot size for Bank Nifty contracts expiring on and after July 30, 2020 has been revised from 20 to 25. Check this NSE circular announcing the change.

Check the table below for a clearer picture:

Bank Nifty contract expiry Lot size
July 2, 2020, July 9, July 16, July 23 20
July 30, 2020 25
All contracts after July series 25

Along with the change in lot size for Bank Nifty, the lot size for 78 other stock F&O contracts has also been revised as follows:

Lot size reduced:

Symbol Present lot size Revised lot size
ASIANPAINT 600 300
BERGEPAINT 2200 1100
IGL 2750 1375
MUTHOOTFIN 1500 750

Lot size increased:

Symbol Present lot size Revised lot size
ACC 400 500
ADANIPOWER 10000 15000
AMARAJABAT 800 1000
AMBUJACEM 2500 3000
APOLLOTYRE 3000 5000
ASHOKLEY 8000 9000
AUROPHARMA 1000 1300
BANDHANBNK 1200 1800
BANKBARODA 5400 8200
BEL 6000 7600
BHARATFORG 1300 1500
BHEL 10400 21000
INFRATEL 2000 2800
BOSCHLTD 40 50
CANBK 2600 5000
CENTURYTEX 600 1400
CIPLA 1150 1300
COALINDIA 2700 3700
CUMMINSIND 900 1200
EICHERMOT 30 35
EQUITAS 4900 7600
EXIDEIND 2900 3600
GAIL 5334 6100
GLENMARK 1400 2300
GODREJCP 800 1000
GRASIM 750 950
HDFCBANK 500 550
HDFCLIFE 900 1100
HEROMOTOCO 200 300
HINDALCO 3500 4300
HINDPETRO 2100 2700
HDFC 250 300
IDFCFIRSTB 12000 19000
IBULHSGFIN 1200 3100
IOC 4000 5700
INDUSINDBK 400 800
NAUKRI 200 250
INDIGO 300 500
ITC 2400 3200
JSWSTEEL 2300 2700
L&TFH 5600 6800
LT 375 550
LICHSGFIN 1300 2000
LUPIN 700 850
M&MFIN 1600 2100
M&M 1000 1400
MARICO 1300 2000
MOTHERSUMI 5000 7000
NATIONALUM 11700 17000
NCC 9000 21000
NMDC 6000 6700
NTPC 4800 5700
ONGC 4100 7700
PAGEIND 25 30
PEL 309 550
PNB 8300 14000
RBLBANK 1500 2600
SRTRANSFIN 600 650
SAIL 15700 19000
SUNPHARMA 1250 1400
SUNTV 1200 1500
TATACHEM 900 2000
TCS 250 300
TATAMOTORS 4300 5700
TATAPOWER 9000 13500
TATASTEEL 1500 1700
FEDERALBNK 7000 8500
RAMCOCEM 800 850
TVSMOTOR 1350 1400
UJJIVAN 1700 2200
UPL 900 1300
VEDL 3500 6200
IDEA 98000 140000
ZEEL 1700 3000

Check this NSE circular for details.

Why do exchanges revise the lot size?
SEBI mandates that the contract value of all F&O contracts remain between 5 to 10 Lakhs. In the periodic review(every 6 months), if the contract value of a scrip is beyond this range, there is an upward or downward revision in lot size.

9 Likes

noob question. if banknifty lot size is now 25 from 20, Is this good or bad for the trader? do you get more for the same margin/funds as compared to earlier?

Earlier you used to Gain/Lose Rs. 20 for each point Up/Down move in Bank Nifty now you will Gain/Lose 25 for each point Up/Down move in Bank Nifty.

2 Likes

Well here hare some effects (as per me), you be the judge if that’s good or bad for you:

  1. You now have to keep a larger margin aside per lot.
  2. That’s it. Secondary effects will depend on what strategy, capital allotment, and risk management techniques you use.
1 Like

no, margin is required according to new lot size bro. not substantial increment tho.

1 Like