Trading Futures And Nifty Futures

DETAILED CONTRACT SPECIFICATIONS FOR INDEX FUTURES TRADING ON THE NSEl-S&P CNX NIFTY FUTURES

  1. Underlying Index : S&PCNX Nifty.
  2. Exchange of Trading : National Stock Exchange of India Limited.
  3. Security Descriptor : NFUTIDX NIFTY.
  4. Contract Size : Permitted lot size shall be 100
  5. Price Steps : Re.0.05.
  6. Price Bands : Not Applicable.
  7. Trading Cycle : The futures contracts will have a maximum of three month trading cycles -the near month (one), the next month (two), and the far month (three). New Contract will be introduced on the next trading day following the expiry of near month Contract.
  1. Expiry Day : The last Thursday of the expiry month or the previous trading day if the last Thursday is a trading holiday.
  2. Settlement Basis : Mark to market and final settlement will be cash settled on T + l Basis.
  3. Settlement price : Daily settlement price will be the closing price of the futures contracts for the trading day and the final settlement price shall be the closing value of the underlying index on the last Trading day.

II-CNXIT

  1. Underlying Index : CNX IT.,
  2. Exchange of Trading : National Stock Exchange of India Limited.
  3. Security Descriptor : NFUTIDX CNX IT.,
  4. Contract Size : Permitted lot size shall be 100
  5. Price Steps : Re.0.05.
  6. Price Bands : Not Applicable.
  7. Trading Cycle : The futures contracts will have a maximum of three month trading cycles -the near month (one), the next month (two), and the far month (three). New Contract will be introduced on the next trading day following the expiry of near month Contract.
  8. Expiry Day : The last Thursday of the expiry month or the previous trading day if the last Thursday is a trading holiday.
  9. Settlement Basis : Mark to market and final settlement will be cash settled on T + 1 Basis.
  10. Settlement price : Daily settlement price will be the closing price of the futures contracts for the trading day and the final settlement price shall be the closing value of the underlying index on the last Trading day.

Ill – BANK NIFTY FUTURES

  1. Underlying Index : CNX BANK.
  2. Exchange of Trading : National Stock Exchange of India Limited.
  3. Security Descriptor : NFUTIDX BANK NIFTY.
  4. Contract Size : Permitted lot size shall be 100 
  5. Price Steps : Re.0.05.
  6. Price Bands : Not Applicable.
  7. Trading Cycle : The futures contracts will have a maximum of three month trading cycles -the near month (one), the next month (two), and the far month (three). New Contract will be introduced on the next trading day following the expiry of near month Contract.
  8. Expiry Day : The last Thursday of the expiry month or the previous trading day if the last Thursday is a trading holiday.
  9. Settlement Basis : Mark to market and final settlement will be cash settled on T+ 1 Basis.
  10. Settlement price : Daily settlement price will be the closing price of the futures contracts for the trading day and the final settlement price shall be the closing value of the underlying index on the last Trading day.

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