The NSE stock exchange has reduced Bank Niftys lot size from 25 to 15 starting monthly expiry in July 2023. However, the exchange has kept other index derivative contracts in the market unchanged, namely the Nifty 50, Nifty Financial Services and Nifty Midcap Select, at 50, 45 and 75, respectively. i.e. contract expiring in July 2023, will remain unchanged for market lots revised. Contracts with terms in April 2023, May 2023 and June 2023 would continue to have the existing market lots. All subsequent contracts (i.e. monthly expirations in July 2023 and beyond) will have revised market lots. The lot size of all existing long-term options contracts of Nifty Bank (more than 3 months to maturity) will be changed from 25 to 15 after the contracts expire in June 2023 (i.e. 30 June 2023), according to the NSE. The day spread order The book is not available for the combination contract with the terms May 2023, July 2023 and June 2023, July 2023. NSE further said contracts with a weekly expiration date in August 2023 and beyond will have revised market lots.
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