The new measure will take effect from November 20, 2024, for all newly introduced index derivatives contracts, including weekly, monthly, quarterly, and half-yearly, according to an NSE circular.
The Nifty50 lot size has been increased threefold, from 25 to 75 contracts, while the Nifty Bank lot size has doubled from 15 to 30. Following markets regulator Sebi's order to increase the lot size to at least Rs 15 lakh, the National Stock Exchange (NSE) has increased the lot size for all its five index derivative contracts - Nifty, Nifty Bank, Nifty Financial Services, Nifty Midcap Select and Nifty Next50.