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Our Bureau

Mumbai, Jan. 1 The new ‘mini’ contracts in pivotal index futures, launched by both NSE and BSE, had a modest beginning if trading volumes are anything to go by.

At the NSE, the volumes traded in the ‘mini’ segment on January 1 were 150th of the volumes traded in the regular Nifty Futures contracts. The ‘mini’ Nifty futures notched up a volume of 1.06 lakh as against the regular Nifty volumes of 164 lakh.

On the BSE, however, the gap between the two is not so large. But in absolute terms, the BSE index futures volumes have lagged behind that of the NSE. The new futures index registered a volume of 56,825, while for the regular Sensex futures it was 4.94 lakh.

The NSE has introduced mini futures and options contract, wherein the lot size is 20 and BSE has introduced Sensex mini contracts where the lot size is five.

“The volumes will take time to pick up as there is not much awareness on the part of retail investors,” said Mr Sailav Kaji, derivative analyst, PINC Research.

“This new product is mainly meant for retail investors and those investors who are as of now standing at the sidelines of the derivative market, as now the contract value has come down with lot size coming down,” said Mr Chandramohan Dawar, Director, Single Window Securities Ltd.

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