FUTURES AND OPTIONS SEGMENT

Circular No. 029

Sub: Revision of Market Lot of Derivative Contracts on Individual Stocks
Date: Mar 31, 2010

Download No: 14475

SEBI has advised exchange to standardize lot size for derivative contracts on individual
securities once in every 6 months as per circular no. SEBI/DNPD/Cir- 50/2010 dated
January 8, 2010. In pursuance to the revised methodology mentioned in the SEBI circular,
it is proposed to carry out revision of market lot for derivatives contracts as follows:
Sr
No

022-26598151
022-26598152
Dipesh Sahoo
Altaf Shaikh
Sachin Dhar

022-26598449

Underlying whose
Derivative contract size
shall be

Count of
Underlying

Revised Downwards

13

Revised Downwards but

new lot size is not a 111
multiple of old lot size

Revised Upwards

59

Unchanged

07

Effective date

April 30, 2010

(for all contracts)
April 30, 2010
(for July 2010 & later
expiries)
April 30, 2010
(for July 2010 & later
expiries)
-

Annexure
Number
1
2

To avoid operational complexities, in case 2 & 3 above, following will be applicable:

fotrade@nse.co.in

1.

2.
No of Pages:

Only the far month contract i.e. July 2010 expiry contracts will be revised for
market lots. Contracts with maturity of May 2010 and June 2010 would continue
to have the existing market lots. All subsequent contracts (i.e., July 2010 expiry
and beyond) will have revised market lots.
The day spread order book will not be available for the combination contract of
June 2010 July 2010 expiry.

For the purpose of the computation, the average of the closing price of the underlying has
been taken for last one month period of March 2010.
This circular shall come into effect from April 30, 2010.
For and on behalf of
National Stock Exchange of India Limited
Suprabhat Lala
Asst. Vice President

Annexure-1
List of underlying in which market lot is being revised downwards:

S.No
1
2
3
4
5
6
7
8
9
10
11
12
13

Underlying
ABB LTD.
BHARAT FORGE LTD
BHUSHAN STEEL LIMITED
GREAT OFFSHORE LTD
HINDUSTAN ZINC LIMITED
IVRCL INFRAST & PROJ LTD.
JINDAL SAW LIMITED
PATEL ENGINEERING LTD.
PIRAMAL HEALTHCARE LTD
SESA GOA LTD
SUN TV NETWORK LIMITED
TATA CONSULTANCY SERV LT
TULIP TELECOM LIMITED

Present Revised
Market Market
Symbol
Lot
lot
ABB
500
250
BHARATFORG
2000
1000
BHUSANSTL
500
125
GTOFFSHORE
1000
500
HINDZINC
500
250
IVRCLINFRA
2000
1000
JINDALSAW
5000
1000
PATELENG
1000
500
PIRHEALTH
1500
500
SESAGOA
1500
500
SUNTV
1000
500
TCS
1000
500
TULIP
500
250

Annexure-2
List of underlying in which market lot is being revised downwards but new lot size is not a
multiple of old lot size:

S. No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

Underlying
ABAN OFFSHORE LTD.
ADITYA BIRLA NUVO LIMITED
ACC LIMITED
ALLAHABAD BANK
AMBUJA CEMENTS LTD
ANDHRA BANK
ALSTOM PROJECTS INDIA LTD
ASHOK LEYLAND LTD
ASIAN PAINTS LIMITED
AUROBINDO PHARMA LTD
AXIS BANK LIMITED
BAJAJ AUTO LIMITED
BANK OF BARODA
BHARAT ELECTRONICS LTD
BEML LIMITED
BHEL
BIOCON LIMITED.

Present
Revised
Symbol
Market Lot Market lot
ABAN
400
250
ABIRLANUVO
400
250
ACC
376
250
ALBK
2450
2000
AMBUJACEM
4124
2000
ANDHRABANK
2300
2000
APIL
600
500
ASHOKLEY
9550
4000
ASIANPAINT
200
125
AUROPHARMA
700
250
AXISBANK
450
250
BAJAJ-AUTO
200
125
BANKBARODA
700
500
BEL
276
125
BEML
375
250
BHEL
150
125
BIOCON
1800
1000

18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62

BHARAT PETROLEUM CORP LT

BOMBAY RAYON FASHIONS LTD
CAIRN INDIA LIMITED
CANARA BANK
CENTURY TEXTILES LTD
CESC LTD
CHENNAI PETROLEUM CORP LT
CIPLA LTD
COLGATE PALMOLIVE LTD.
CROMPTON GREAVES LTD
CUMMINS INDIA LTD
DABUR INDIA LTD
DECCAN CHRONICLE HOLD LTD
DENA BANK
DIVI'S LABORATORIES LTD
DR. REDDY'S LABORATORIES
FIRSTSOURCE SOLU. LTD.
GAIL (INDIA) LTD
THE GE SHPG.LTD
GLAXOSMITHKLINE PHARMA LT
GRASIM INDUSTRIES LTD
GUJARAT STATE PETRO LTD
GTL LTD
HINDUSTAN CONSTRUCTION CO
HCL TECHNOLOGIES LTD
HDFC LTD
HDFC BANK LTD
HERO HONDA MOTORS LTD
HINDALCO INDUSTRIES LTD
ICICI BANK LTD.
IDBI BANK LIMITED
INFRA. DEV. FIN. CO. LTD
IFCI LTD
INDIA INFOLINE LIMITED
INDIAN BANK
INFOSYS TECHNOLOGIES LTD
INDIAN OIL CORP LTD
ISPAT INDUSTRIES LIMITED
ITC LTD
JINDAL STEEL & POWER LTD
JSW STEEL LIMITED
KINGFISHER AIRLINES LTD
KOTAK MAHINDRA BANK LTD
K S OILS LIMITED
LIC HOUSING FINANCE LTD

BPCL
BRFL
CAIRN
CANBK
CENTURYTEX
CESC
CHENNPETRO
CIPLA
COLPAL
CROMPGREAV
CUMMINSIND
DABUR
DCHL
DENABANK
DIVISLAB
DRREDDY
FSL
GAIL
GESHIP
GLAXO
GRASIM
GSPL
GTL
HCC
HCLTECH
HDFC
HDFCBANK
HEROHONDA
HINDALCO
ICICIBANK
IDBI
IDFC
IFCI
INDIAINFO
INDIANB
INFOSYSTCH
IOC
ISPATIND
ITC
JINDALSTEL
JSWSTEEL
KFA
KOTAKBANK
KSOILS
LICHSGFIN

550
1150
1250
800
848
1100
1800
1250
550
1750
950
2700
3400
5250
620
400
9500
1125
1200
300
176
6100
750
2100
1300
150
200
200
3518
350
2400
2950
7880
2500
2200
200
1200
12450
1125
960
412
4250
550
5900
425

500
1000
1000
500
500
1000
1000
1000
500
1000
500
2000
2000
4000
500
250
8000
500
1000
125
125
4000
500
2000
1000
125
125
125
2000
250
2000
2000
4000
2000
2000
125
1000
11000
1000
500
250
4000
500
4000
250

63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107

LANCO INFRATECH LTD.

LARSEN & TOUBRO LTD.
LUPIN LIMITED
MAHINDRA & MAHINDRA LTD
MERCATOR LINES LIMITED
MPHASIS LIMITED
MRPL
NOIDA TOLL BRIDGE CO LTD
NTPC LTD
ORACLE FIN SERV SOFT LTD.
OPTO CIRCUITS (I) LTD.
ORCHID CHEM & PHARMA LTD
ORIENTAL BANK OF COMMERCE
PATNI COMPUTER SYST LTD
PETRONET LNG LIMITED
POWER FIN CORP LTD.
PUNJAB NATIONAL BANK
POLARIS SOFTWARE LAB LTD
PTC INDIA LIMITED
RANBAXY LABS LTD
RURAL ELEC CORP. LTD.
RELIANCE INDUSTRIES LTD
RELIANCE INFRASTRUCTU LTD
SHREE RENUKA SUGARS LTD
STEEL AUTHORITY OF INDIA
STATE BANK OF INDIA
SHIPPING CORP OF INDIA LT
SIEMENS LTD
SINTEX INDUSTRIES LTD
STERLITE INDS (IND) LTD
STERLING BIOTECH LTD
SUN PHARMACEUTICALS IND.
TATA CHEMICALS LTD
TATA MOTORS LIMITED
TATA STEEL LIMITED
TATA TEA LTD
TECH MAHINDRA LIMITED
TITAN INDUSTRIES LTD
TRIVENI ENGG. & INDS. LTD
TATA TELESERV(MAHARASTRA)
UCO BANK
ULTRATECH CEMENT LIMITED
UNION BANK OF INDIA
UNITECH LTD
VOLTAS LTD

LITL
LT
LUPIN
M&M
MLL
MPHASIS
MRPL
NOIDATOLL
NTPC
OFSS
OPTOCIRCUI
ORCHIDCHEM
ORIENTBANK
PATNI
PETRONET
PFC
PNB
POLARIS
PTC
RANBAXY
RECLTD
RELIANCE
RELINFRA
RENUKA
SAIL
SBIN
SCI
SIEMENS
SINTEX
STER
STERLINBIO
SUNPHARMA
TATACHEM
TATAMOTORS
TATASTEEL
TATATEA
TECHM
TITAN
TRIVENI
TTML
UCOBANK
ULTRACEMCO
UNIONBANK
UNITECH
VOLTAS

6380
200
350
624
4900
800
4450
8200
1625
300
2040
2100
1200
1300
4400
1200
300
2800
2350
800
1950
300
276
5000
1350
132
2400
752
1400
438
2500
225
1350
850
764
550
600
206
3850
10450
5000
400
1050
4500
2700

4000
125
250
250
4000
500
4000
8000
1000
125
1000
2000
1000
500
4000
1000
250
2000
2000
500
1000
250
250
2000
1000
125
2000
500
1000
250
2000
125
1000
500
500
250
250
125
2000
9000
4000
250
1000
4000
2000

108
109
110
111

WELSPUN GUJ ST. RO. LTD.

WIPRO LTD
YES BANK LIMITED
ZEE ENTERTAINMENT ENT LTD

WELGUJ
WIPRO
YESBANK
ZEEL

1600
600
2200
1400

1000
500
1000
1000

Annexure-3
List of underlying in which market lot is being revised upwards:

S.No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

Underlying
ADANI ENTERPRISES LIMITED
APOLLO TYRES LTD
AREVA T&D INDIA LIMITED
BAJAJ HINDUSTAN LTD
BALRAMPUR CHINI MILLS LTD
BANK OF INDIA
BGR ENERGY SYSTEMS LTD
BHARTI AIRTEL LIMITED
BOSCH LIMITED
CHAMBAL FERTILIZERS LTD
DISH TV INDIA LTD.
DLF LIMITED
EDUCOMP SOLUTIONS LTD
ESSAR OIL LTD
FEDERAL BANK LTD
FINANCIAL TECHNO (I) LTD
FORTIS HEALTHCARE LTD
GMR INFRASTRUCTURE LTD.
GODREJ INDUSTRIES LTD
GTL INFRA.LTD
GVK POW. & INFRA LTD.
HOUSING DEV & INFRA LTD
HINDUSTAN PETROLEUM CORP
HOTEL LEELA VENTURES LTD
INDIABULLS REAL EST. LTD
ICSA (INDIA) LIMITED
IDEA CELLULAR LIMITED
THE INDIAN HOTELS CO. LTD
THE INDIA CEMENTS LIMITED
INDIAN OVERSEAS BANK
JAIPRAKASH ASSOCIATES LTD
JAIPRAKASH POWER VEN. LTD
MARUTI SUZUKI INDIA LTD.
MCLEOD RUSSEL INDIA LTD.

Symbol
ADANIENT
APOLLOTYRE
AREVAT&D
BAJAJHIND
BALRAMCHIN
BANKINDIA
BGRENERGY
BHARTIARTL
BOSCHLTD
CHAMBLFERT
DISHTV
DLF
EDUCOMP
ESSAROIL
FEDERALBNK
FINANTECH
FORTIS
GMRINFRA
GODREJIND
GTLINFRA
GVKPIL
HDIL
HINDPETRO
HOTELEELA
IBREALEST
ICSA
IDEA
INDHOTEL
INDIACEM
IOB
JPASSOCIAT
JPPOWER
MARUTI
MCLEODRUSS

Present
Revised
Market Lot Market lot
400
500
3400
4000
750
1000
1425
2000
2400
4000
950
1000
400
500
500
1000
100
125
3450
4000
5150
8000
800
1000
375
500
1412
2000
851
1000
150
250
1300
2000
2500
4000
1300
2000
4850
8000
4750
8000
774
1000
650
1000
7500
8000
1300
2000
1200
2000
2700
4000
3798
4000
1450
2000
2950
4000
1688
2000
3125
4000
200
250
900
1000

35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59

MOSER-BAER (I) LTD

MAHANAGAR TELEPHONE NIGAM
MUNDRA PORT & SEZ LTD
NAGARJUNA FERT & CHEM LTD
NATIONAL ALUMINIUM CO LTD
NEYVELI LIGNITE CORPORATI
OIL AND NATURAL GAS CORP.
ONMOBILE GLOBAL LTD.
PANTALOON RETAIL (I) LTD
POWER GRID CORP. LTD.
PRAJ INDUSTRIES LTD
PUNJ LLOYD LIMITED
RELIANCE COMMUNICATIONS L
RELIANCE CAPITAL LTD
RELIANCE MEDIAWORKS LTD
REL. NAT. RESOURCES LTD.
ROLTA INDIA LTD
SUZLON ENERGY LIMITED
SYNDICATE BANK
TATA COMMUNICATIONS LTD
TATA POWER CO LTD
TV18 INDIA LIMITED
UNITED PHOSPHORUS LIMITED
VIDEOCON INDUSTRIES LIMIT
VIJAYA BANK

MOSERBAER
MTNL
MUNDRAPORT
NAGARFERT
NATIONALUM
NEYVELILIG
ONGC
ONMOBILE
PANTALOONR
POWERGRID
PRAJIND
PUNJLLOYD
RCOM
RELCAPITAL
RELMEDIA
RNRL
ROLTA
SUZLON
SYNDIBANK
TATACOMM
TATAPOWER
TV-18
UNIPHOS
VIDEOIND
VIJAYABANK

2475
3200
300
5250
575
1475
225
550
850
1925
2200
1500
700
276
600
3576
1800
3000
3800
525
200
1825
1400
854
6900

Annexure-4
List of underlying in which market lot is unchanged:

S.No
1
2
3
4
5
6
7

Underlying
CONTAINER CORP OF IND LTD
EVEREST KANTO CYLINDERLTD
HINDUSTAN UNILEVER LTD.
JAIN IRRIGATION SYSTEMS
UNITED SPIRITS LIMITED
NAGARJUNA CONSTRN. CO. LT
RELIANCE POWER LTD.

Symbol
CONCOR
EKC
HINDUNILVR
JISLJALEQS
MCDOWELL-N
NAGARCONST
RPOWER

Present
Market
Lot
250
2000
1000
250
250
2000
2000

4000
4000
500
8000
1000
2000
250
1000
1000
2000
4000
2000
2000
500
1000
4000
2000
4000
4000
1000
250
4000
2000
1000
8000