SEBI has changed the game for derivatives traders. A new circular (HT Vashistha ) has increased the lot sizes of each contract, so that: The minimum contract size has been upped from Rs. 2 lakh to Rs. 5 lakh. This applies from contracts for the November expiry (that is, for all trading after the October contract expiry) Which means the first “new” lot size will be applicable from the end of July (after the July expiry, the next set of contracts are Aug, Sep, Oct) Lot sizes will be reevaluated every six months. For stocks, futures and options contracts will have sizes of a minimum of 50 with increments or decrements of 25 shares. If even at 50 shares the contract size is greater than 10 lakhs, then the minimum will be 10 shares with increments of 5 shares. For indexes, the minimum is 10, with an increment of 5. So a Bosch at Rs.… (Read On…)
[via Capital MindCapital Mind]
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