Announcements

Offer for Sale of the below company is open in NSE/BSE. To place your OFS request:

• Contact your sub-broker
• In case you don't have a sub-broker, call us at 18001020.

Offer for Sale of the below company is open in BSE. To place your OFS request:

• Contact your sub-broker
• In case you don't have a sub-broker, call us at 18001020.

The market lot sizes have been revised for both NSE and BSE Indices to comply with the guidelines mentioned in the SEBI Circular (SEBI/HO/MRD/TPD-1/P/CIR/2024/132) dated 01-Oct-24 on measures to strengthen the equity index derivatives framework for increased investor protection and market stability. 

As per the NSE Circular, w.e.f. 20-Nov-24, the lot size for index derivatives has been revised as follows:

The market lot of BSE index derivatives for contracts introduced after 20-Nov-24 has been revised as follows as per the BSE Circular:

In light of the above, please note the following changes regarding transitioning existing positions into new lot sizes. 

1. The existing weekly and monthly expiry contracts (Table 1) will continue with the existing lot size until their respective expiry dates.

Table 1

2. Existing quarterly and half-yearly (long-dated) expiry contracts shall be transitioned to the new lot size as per Table 2 below. 

Table 2

3. No action will be allowed in the odd lot quantity after 24-Dec-24 for BANKNIFTY, 26-Dec-24 for NIFTY Contracts, and 27-Dec-24 for SENSEX Contracts. Investors with positions will have to carry until maturity and the remaining odd lot quantities will be settled in cash on their respective original expiry date only.

4. No impact of Stock derivative contracts.

5. Spread Orders will not be available in existing lot sizes for Feb-25 or beyond rollovers. i.e Dec-24 & Feb-25, Jan-25 & Feb-25 and Feb-25 & Mar-25. 

The complete details regarding the transition of existing positions into the new lot-size contracts will be shared with the concerned people on their mapped credentials.

In light of the SEBI Circular (SEBI/HO/MRD/TPD-1/P/CIR/2024/58) dated 24-May-24 and Exchange Circular (NSE/FAOP/64627) dated 18-Oct-24, NSE has issued a new circular (NSE/FAOP/64995) dated 08-Nov-24 to provide clarification on the following:

1. Sliding price band on account of flexing
2. Trading in the options segment during cooling off in underlying/futures contracts

The following clarification provided by the above-mentioned circular will be effective from 18-Nov-24.

For more details, please refer to the NSE Circular 1 | NSE Circular 2 | BSE Circular 1 | BSE Circular 2.

[Nov-24] Stay ahead of the curve with our monthly Corporate Actions roundup! 

Corporate actions have an impact on your portfolio and thus, staying informed is a key. To help you stay up-to-date, we’ve compiled a list of all the corporate actions happening this month. Whether you are tracking a subdivision that could adjust your shareholdings, a buyback that will boost your stock, or your share of profits in the form of dividends, we’ve got you covered. 

Various types of corporate actions we have covered here are sub-divisions, dividends, bonus issues, buybacks, takeovers, delistings, and name changes. So, dive in, explore the details, and stay ahead in your investment journey. 

Bonus Issue

A bonus Issue is a corporate action in which a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

Subdivision/Stock Split

Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

Dividend

A dividend is an amount the company pays to its shareholders out of its profits. This regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly. 

Name Change

Suspension of Trading in Shares

Takeover

A Takeover is a type of corporate action in which one company (the acquirer) acquires or takes control of another (the target). Such a takeover occurs through the merger and acquisition process and can affect the company's structure in various ways. 

Offer for Sale of below company is open in BSE/NSE. To place your OFS request:

• Contact your sub-broker
• In case you don't have a sub-broker, call us at 18001020.

As per a recent NSE Circular, the Quantity Freeze Limit and market lots for different indices have been revised w.e.f 04-Nov-24.

Below are the Quantity Freeze Limits and Maximum Lots per Order applicable for the mentioned indices.

Note: 

Starting 20-Nov-24, lot sizes will be revised as mentioned below:

1. BANKNIFTY - 30
2. NIFTY - 75
3. FINNIFTY - 65 
4. MIDCPNIFTY - 120
5. NIFTYNXT50 - 25

Refer: NSE Circular 1 | NSE Circular 2

[Nov-24] The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement. 

Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.

Here’s the listing for November 2024:

Please note: The value of RE will be zero after the Rights Issue closure date.

RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.

How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount). 

• For the online ASBA process, visit the website of an SCSB (Self-certified Syndicate Bank) and apply.
• For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 

Here's alist of existing SCSBs.

For more details on Rights Issue/Rights Entitlement, please refer toBSE FAQs.

Due to the change in US Daylight Savings timings, MCX trade timings will be revised from 04-Nov-24. The revised trading hours will be in effect from 04-Nov-24 to 07-Mar-25 (both days inclusive). 

Please refer to the table below for the revised timings:

Accordingly, the square-off timings for Intraday Positions of MCX have also been revised. All intraday positions will be squared-off 15 minutes prior to close of trading hours.

For more details, please refer to MCX Circular.

In line with the latest regulatory requirements, we’re making important changes to comply with such guidelines. These changes aim to strengthen investor protection and market stability. 

Here’s a quick look:

• Change in Extreme Loss Margins (ELM)

In accordance with the NSE Circular dated 21-Oct-24, an additional ELM of 2% will be charged on all the Short Index Option Positions on the expiry day w.e.f. 20-Nov-24. Short Index Option Position means:

• All open short index options at the start of the day of the expiry.
• Short index options contracts initiated during the day and are due for expiry on the same day.

Let’s understand with an example:

• Revision in Market Lot Sizes

As per the NSE Circular, index derivatives with below-mentioned revised lot sizes will be available from 20-Nov-24.

• Revision in Weekly Expiry of Derivatives Contracts

As per the SEBI Circular (SEBI/HO/MRD/TPD-1/P/CIR/2024/132) dated 01-Oct-24, we would like to bring to your attention that w.e.f. 20-Nov-24, each Exchange can provide derivatives contracts for only one of its benchmark indexes with weekly expiry. 

In light of this, please note the details of the indices that will be continued/discontinued. 

For further clarity, please note that the expiry dates/last trading dates of the indices that will be discontinued have been summarised as under:

For more details on weekly expiry, refer to NSE Circular | BSE Circular.