NSE is going to nake changes in lot size from Jun 26-2009.
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 Lot of Derivative Contracts
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
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 Lot of Derivative Contracts
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
