The Hindu Business Line : NSE revises F&O contract size

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Chennai Feb. 7 The National Stock Exchange has revised the contract size for 64 securities in the derivative segment. Of these, the market lot of 52 securities has been revised downwards and that of 12 securities has been revised upwards. This revision will take effect from February 23 for companies (see table). The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract.

IFCI, which rose quite sharply in recent times, saw its market lot declining to 7,875 contracts against the current size of 31,500.

Apart from Nifty and Bankex, contracts on Ashok Leyland, Bank of India, Bharti Airtel, Gail (India), HCL Tech, HDFC, HDFC Bank, ICICI Bank, i-flex Solutions, Infosys Technologies, IVRCL Infra, NDTV, NTPC, ONGC, PNB, Reliance, SBI, Sun Pharma and Tata Power were among others that saw their market lot size declining.

On the other hand, market lot has been doubled for Bajaj Hindustan, Balrampur Chini, Cairn India, Chennai Petroleum, Colgate Palmolive, ITC, Shree Renuka Sugars, Tata Tea, Triveni Engg and Voltas.

According to Mr Arun Kejriwal, Director, Kejriwal Research and Investor Services, the change in market lot will help the Exchange in keeping the sentiment intact.

With share prices running up very sharply for some stocks in the last few months, the Exchange reduced the lot size, making them once again in the trading reach of individual investors, Mr Kejriwal added.

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