Tick size changed to 0.01 for stocks and stock futures contracts trading below ₹250

Trading Announcements
1

Currently, all securities that trade in NSE have a tick size of 0.05. While on BSE, securities that trade below ₹100 have a tick size of 0.01.

Starting June 10, 2024, NSE will revise the tick size for all the stocks trading below ₹250 to 0.01 instead of 0.05. While starting July 8, 2024, this change will also apply to futures contracts traded on stocks that are trading below ₹250, this will not apply to option contracts trading on that security.

The tick size will be reviewed by the exchange every month, with the closing price on the last trading day of the month being used to determine the tick size, which will apply for the next month.

Closing price on the last trading day of the month Tick size
0 - 250 0.01
250 and above 0.05

This is how the process will work in case of new listings:

Scenario Tick size
Initial Public Offering (IPOs) The Issue price determined at the time of allocation of shares will be considered as the reference price.

If the reference price is less than ₹250, the tick size will be 0.01, else it will be 0.05.
New listing of stocks already listed on other exchanges The last available closing price, three days before the listing date will be considered as the reference price.

If the reference price is less than ₹250, the tick size will be 0.01, else it will be 0.05.

In case of corporate actions

Scenario Tick Size
Listing of new security and parent security on account of corporate action The tick size of parent security will remain the same irrespective of security price until the next monthly review.
Spit, bonus, dividend and rights issue The tick size of security will remain the same until the next monthly review.

You can check the announcement from NSE here and here.

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2

As the tick size are being changed. Can we have the tick size mentioned for every individual script on quote on kite app. Also it needs to be included for quote calls made on kite api. As it can no longer be assumed that every script will have a tick size of .05 . @Matti can you please update on the same ?

3

Actually this is required for options too. There is huge difference between 0.1 and 0.05

4

I believe this is already mentioned above the price input box when you click buy/sell button

5

oh yes. How about the api calls? Is there anyway to get tick size using kite api?

6

Will check the feasibility and/or need for this; since the ticks are relative to the stock price, should be inherently deducible.

7

@Matti thanks for getting back quickly. It wont be easily deductible. As NSE has laid out that ticks will be change on monthly basis. So if a stock during review was priced less than 250 during monthly review process will have tick of .01 . It will still have same tick even if it goes above 250 post review process. Hence it wont be easily deduced for such cases.

1 Like
8

If its not already there, i think instrument data should have tick info.

9

You can deduct it from market depth, by subtracting difference in consecutive bid/sell prices in market depth (for liquid stocks)

10

@tradewealth my bad. Tick size is already part of the instrument list. Check out Market quotes and instruments - Kite Connect 3 / API documentation

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