Business Daily from THE HINDU group of publications
Saturday, Dec 08, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Saturday, Dec 08, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Derivatives Markets
Our Bureau Chennai, Dec. 7 The NSE has revised the contract size for 106 securities in the derivative segment. Of these, the market lot of 92 securities has been revised downwards and that of 14 revised upwards. The revision will take effect from December 28; for 83 securities it would be for all month series, while for the rest 23, only farther month contracts – i.e. March 2008 series, would be considered for revision. The lot size has been revised to meet SEBI guidelines, which prescribe a minimum value of Rs 2 lakh for a contract. Nagarjuna Fertilisers, which rose quite sharply in recent times, saw its market lot declining to 3,500 contracts from current lot of 14,000. Apart from Bank Nifty, contracts on ABB, Bank of India, Bharti Airtel, BPCL, HDFC, ICICI Bank, India Cements, JP Hydropower, Reliance, Rcom, SAIL, SBI and Tata Steel were among others whose market lot size has been cut down. Lot size has been increased for Infosys, Sun TV and 3i Infotech among others. More Stories on : Stocks | Derivatives Markets | Stock Exchanges
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