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
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 |