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Updated Lot Sizes for Derivative Contracts

As we know, SEBI updates the lot sizes of derivative contracts every six months. Here, let’s talk about the latest updation. For beginners, here is an introduction to what we are talking about. Generally, you have to buy the underlying assets in lots for derivative contracts. This is in contrast with the stocks which are bought in units. SEBI arranges the lot sizes in such a way that the contract value stays between ₹5 lakhs and ₹10 lakhs. Significantly, SEBI updates the lot sizes in order to keep the contract value in range in case of any change in the underlying stock’s present market conditions.

Accordingly, underlying stocks whose lot sizes shall be updates downwards, now have 40 number of stocks changed. The effective date is April 30, 2021( for May 2021 & later expiries). No scrips are changed for those updated upwards. Stocks with unchanged lot size, now have 114 scrips changed. There is another section of updated downward, but the new lot size is not a multiple of old. These have 2 scrips changed. The effective date is April 30, 2021(for July 2021 and later expiries). Contracts having maturity of May & June 2021 will continue with the existing lots. The changes take effect from April 30, 2021.

Based on the latest update, revised lot sizes are: 

Sl. No Underlying stocks Current lot size Updated lot size
1 Adani Enterprises 2,000 1000
2 Adani Ports and SEZ 2500 1250
3 Apollo Hospitals 500 250
4 26 Apollo Tyres 5000 2500
5 Ashok Leyland 9000 4500
6 Bajaj Finance 250 125
7 Bharat Electronics 7600 3800
8 BHEL 21000 10500
9 Cholamandalam Investment and Finance Company 2500 1250
10 Cipla 1300 650
11 Colgate Palmolive 700 350
12 Cummins India 1200 600
13 Grasim Industries 950 475
14 Havells India 1000 500
15 Hindalco 4300 2150
16 IDFC First Bank 19000 9500
17 Jindal Steel and Power 5000 2500
18 JSW Steel 2700 1350
19 Mahindra & Mahindra 1400 700
20 Max Finance 1300 650
21 Mindtree 800 400
22 Motherson Sumi 1400 700
23 Info Edge 250 125
24 Piramal Enterprises 550 275
25 SAIL 19000 9500
26 SBI 3000 1500
27 Shree Cement 50 25
28 Siemens 550 275
29 Shriram Transport Finance 800 400
30 Tata Chemicals 2000 1000
31 Tata Motors (—-) 5700 2850
32 Tata Power 13500 6750
33 Tata Steel 1700 850
34 Tech Mahindra 1200 600
35 Titan Company 750 375
36 Torrent Power 3000 1500
37 Ultratech Cement 200 100
38 Vedanta 6200 3100
39 Voltas 1000 500
40 Wipro 3200 1600

 

Updated downwards, but the new lot size is not a multiple of old:

1 Bajaj Finserv 125 75
2 Coforge 375 200

 

You can now continue trading with these updated sizes.

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