SEBI standardises lot size for stock derivative contracts from 31 March 2010
Market regulator SEBI has standardised the lot sizes for stock futures. The revised lot sizes will be effective from March 31, 2010.
The lot size for derivative contracts on individual securities are as under:
| Price Band (Rs.) | Lot Size |
| ?1600 | 125 |
| 801 – 1600 | 250 |
| 401 – 800 | 500 |
| 201 – 400 | 1000 |
| 101 – 200 | 2000 |
| 51 – 100 | 4000 |
| 25 – 50 | 8000 |
| < 25 | A multiple of 1000 |
Explanation: The lot size for an underlying with a price of Rs 535, i.e., in the price band of Rs. 401-800, shall be 500 units.
The Stock Exchanges will review the lot size once in every 6 months based on the average of the closing price of the underlying for last one month and wherever warranted, revise the lot size by giving an advance notice of atleast 2 weeks to the market. If the revised lot size is higher than the existing one, it will be effective for only new contracts.
