Lot size changes in F&O effective from 29th April

resr 5paisa Research Team

Last Updated: 11th December 2022 - 12:54 pm

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The Securities & Exchange Board of India (SEBI) from time to time, modifies the lot sizes of various F&O contracts. Currently, trading in F&O is permitted in 4 indices and 199 stocks where the exchange offers the facility to trade in futures and in options. As per the latest circular issued on 31st March 2022, there are going to be a number of changes in the lot sizes applicable to futures and options contracts. Changes pertain to stock F&O contracts.

Methodology of lot size revisions in F&O


Here is the market lots for various stock derivative contracts have been modified.
 

Shift in Lot Sizes

Total number of companies

Effective date

Lot size revised downward

12

29th April (for May-22 and later expiries)

Lot size revised upward

52

29th April (for Jul-22 and later expiries)

Lot size revised down but not exact multiples

2

29th April (for Jul-22 and later expiries)

No change in lot size

133

Not applicable

Total Stocks in F&O

199 companies

 

 

Data Source: NSE

Here are some important points to be noted about this revision.

1. The circular shall be effective from 29th April 2022, which will be the first day of the May 2022 contract i.e. the day after April contract expiry.

2. In the case of lot sizes being revised downward in multiples of the old lot size, the revisions in lot size will be effective from the May-22 contract itself.

3. However, in the case where the lot sizes are being revised upwards, or where they are revised downward (but not in exact multiples), only the far month contracts i.e. Jul-22 contracts will be modified in terms of lot size. In both these cases, the May-22 and the Jun-22 contracts will continue to have the old lot sizes only.

4. For the purpose of the computation, the average of the closing price of the underlying has been considered for the one-month period i.e. 01st Mar 2022 to 31st Mar 2022.

Actual lot size revisions category-wise

Here is a list of stocks that will see lot size revisions classified category wise. Here is the list of 12 stocks where lot sizes have been revised downward as an exact multiple.
 

No

Underlying

Symbol

Present Market Lot

Revised Market Lot

1

BANK OF BARODA

BANKBARODA

11700

5850

2

BATA INDIA LIMITED

BATAINDIA

550

275

3

CANARA BANK

CANBK

5400

2700

4

JINDAL STEEL & POWER LIMITED

JINDALSTEL

2500

1250

5

UNITED SPIRITS LIMITED

MCDOWELL-N

1250

625

6

NATIONAL ALUMINIUM COMPANY LIMITED

NATIONALUM

8500

4250

7

NMDC LIMITED

NMDC

6700

3350

8

OIL & NATURAL GAS CORPORATION LIMITED

ONGC

7700

3850

9

PAGE INDUSTRIES LIMITED

PAGEIND

30

15

10

TATA MOTORS LIMITED

TATAMOTORS

2850

1425

11

TATA POWER COMPANY LIMITED

TATAPOWER

6750

3375

12

VEDANTA LIMITED

VEDL

3100

1550

 

The following is a list of 52 stocks wherein the lot sizes have been revised upwards and these could be either in multiples of the old lost size or otherwise.

 

No

Underlying

Symbol

Present Market Lot

Revised Market Lot

1

NESTLE INDIA LIMITED

NESTLEIND

25

40

2

ABBOTT INDIA LIMITED

ABBOTINDIA

25

40

3

COFORGE LIMITED

COFORGE

100

150

4

INDIAMART INTERMESH LIMITED

INDIAMART

75

150

5

DIVI'S LABORATORIES LIMITED

DIVISLAB

100

150

6

ORACLE FINANCIAL SERVICES SOFTWARE LIMITED

OFSS

125

200

7

ASIAN PAINTS LIMITED

ASIANPAINT

150

200

8

JUBILANT FOODWORKS LIMITED

JUBLFOOD

125

250

9

DR. LAL PATH LABS LTD.

LALPATHLAB

125

250

10

JK CEMENT LIMITED

JKCEMENT

175

250

11

HDFC ASSET MANAGEMENT COMPANY LIMITED

HDFCAMC

200

300

12

BALKRISHNA INDUSTRIES LIMITED

BALKRISIND

200

300

13

METROPOLIS HEALTHCARE LIMITED

METROPOLIS

200

300

14

INTERGLOBE AVIATION LIMITED

INDIGO

250

300

15

WHIRLPOOL OF INDIA LIMITED

WHIRLPOOL

250

350

16

DALMIA BHARAT LIMITED

DALBHARAT

250

500

17

UNITED BREWERIES LIMITED

UBL

350

400

18

MULTI COMMODITY EXCHANGE OF INDIA LIMITED

MCX

350

400

19

TATA COMMUNICATIONS LIMITED

TATACOMM

400

500

20

SHRIRAM TRANSPORT FINANCE COMPANY LIMITED

SRTRANSFIN

400

600

21

IPCA LABORATORIES LIMITED

IPCALAB

450

650

22

SBI CARDS AND PAYMENT SERVICES LIMITED

SBICARD

500

800

23

COROMANDEL INTERNATIONAL LIMITED

COROMANDEL

625

700

24

MAHANAGAR GAS LIMITED

MGL

600

800

25

TATA CONSUMER PRODUCTS LIMITED

TATACONSUM

675

900

26

GODREJ CONSUMER PRODUCTS LIMITED

GODREJCP

500

1000

27

BHARAT FORGE LIMITED

BHARATFORG

750

1000

28

AUROBINDO PHARMA LIMITED

AUROPHARMA

750

1000

29

CONTAINER CORPORATION OF INDIA LIMITED

CONCOR

800

1000

30

WIPRO LIMITED

WIPRO

800

1000

31

SYNGENE INTERNATIONAL LIMITED

SYNGENE

850

1000

32

MARICO LIMITED

MARICO

1000

1200

33

ICICI PRUDENTIAL LIFE INSURANCE

ICICIPRULI

750

1500

34

CROMPTON GREAVES CONSUMER

CROMPTON

1100

1500

35

ZYDUS LIFESCIENCES LIMITED

ZYDUSLIFE

1100

1800

36

STRIDES PHARMA SCIENCE LIMITED

STAR

900

1800

37

GRANULES INDIA LIMITED

GRANULES

1550

2000

38

AMBUJA CEMENTS LIMITED

AMBUJACEM

1500

1800

39

GUJARAT STATE PETRONET LIMITED

GSPL

1700

2500

40

RAIN INDUSTRIES LIMITED

RAIN

2500

3500

41

APOLLO TYRES LIMITED

APOLLOTYRE

2500

3500

42

INDIABULLS HOUSING FINANCE LIMITED

IBULHSGFIN

3100

4000

43

MOTHERSON SUMI SYSTEMS LIMITED

MOTHERSUMI

3500

4500

44

RBL BANK LIMITED

RBLBANK

2900

5000

45

FIRSTSOURCE SOLUTIONS LIMITED

FSL

2600

5200

46

CITY UNION BANK LIMITED

CUB

3400

5000

47

MANAPPURAM FINANCE LIMITED

MANAPPURAM

3000

6000

48

ASHOK LEYLAND LIMITED

ASHOKLEY

4500

5000

49

ADITYA BIRLA CAPITAL LIMITED

ABCAPITAL

4400

5400

50

STEEL AUTHORITY OF INDIA LIMITED

SAIL

4750

6000

51

IDFC FIRST BANK LIMITED

IDFCFIRSTB

11100

15000

52

NBCC (INDIA) LIMITED

NBCC

12000

15000

 

The following is a list of 2 stocks wherein the lot sizes have been revised downward but not in multiple of the old lot size.

 

Sr No

Underlying

Symbol

Present Market Lot

Revised Market Lot

1

LARSEN & TOUBRO LIMITED

LT

575

300

2

POWER GRID CORPORATION OF INDIA LIMITED

POWERGRID

5333

2700

 

Apart from the above 3 lists, there are a total of 133 stocks where the lot sizes have not been altered. For the detailed list of the circular and the list of companies, you can download the NSE circular (Download Ref No: NSE/FAOP/51841) from NSE website.

Also Read:-

1. 5 Mantras for Trading in Options

2. 5 Mantras for Trading in Futures

3. 8 Stocks to Enter in F&O List

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