Introduction of Futures and Options Contracts on Nifty Next 50 Index
As per a recent circular, w.e.f. 24-Apr-2024 Futures and Options contracts on the Nifty Next 50 Index shall be made available for trading in the Future & Options segment. The settlement procedure and details shall be intimated separately by the respective clearing corporations.
The relevant information about the monthly futures and options contracts is as follows:
Particulars | Futures | Options |
Symbol | NIFTYNXT50 | NIFTYNXT50 |
Instrument | FUTIDX | OPTIDX |
Tick Size (Price Steps) | Re 0.05 | Re 0.05 |
Contract Size (Lot Size) | 10 | 10 |
Trading Cycle | 3 serial monthly contracts | 3 serial monthly contracts |
Expiry Day | Last ‘Friday’ of the expiry month for the monthly. If the last ‘Friday’ is a trading holiday, then the expiry day is the previous trading day | Last ‘Friday’ of the expiry month for the monthly. If the last ‘Friday’ is a trading holiday, then the expiry day is the previous trading day |
Strike Scheme | - | Strike Interval of 100 with strikes 40 1 40 and Strike Interval of 500 with strikes 20 1 20 (Including 500 strikes due to strike interval of 100) |
Option Type | - | Call European (CE) and Put European (PE) |
Settlement | Cash Settled | Cash Settled |
Daily Settlement Price | Closing price of the futures contract. If illiquid, then the theoretical price will be considered | - |
Final Settlement Price | Index closing value on the last trading day | Index closing value on the last trading day |
Price Band | An operating range of 10% of the base price | A contract specific price range based on its delta value is computed and updated daily |
Quantity Freeze | 600 | 600 |
Spread Contracts | M1-M2; M1-M3; M2-M3 | - |
Please note on 24-Apr-2024, the following expiry cycle will be available:
Expiry Cycle | Expiry Day |
May-2024 | May 31, 2024 |
June-2024 | June 28, 2024 |
July-2024 | July 26, 2024 |
Further note that all the existing clearing and settlement procedures along with the extant risk management measures adopted for futures and options contracts such as initial margins, minimum margins, position limits, etc., including the right of Clearing Corporation to close out positions shall apply mutatis mutandis to these contracts also.
Refer: NSE Circular | NSE Circular
W.e.f 23-Apr: New Identity for L&T Finance Holdings Ltd.
As per a recent circular, the name and symbol of L&T Finance Holdings Ltd. (Scrip code: 533519) will be changed as follows w.e.f 23-Apr-24.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
L&TFH | LTF | L&T Finance Holdings Ltd. | L&T Finance Ltd. |
Refer: BSE Circular
Bonus Issue of The Anup Engineering Ltd.
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, The Anup Engineering Ltd. (Scrip Code: 542460) is issuing 1 bonus share for every 1 existing share. The key dates for the bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
The Anup Engineering Ltd. | ANUP | 24-Apr | 24-Apr |
Refer: BSE Circular
Sub-division of equity shares of Bharat Bijlee Ltd.
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.
As per a recent BSE circular, 1 equity share of Bharat Bijlee Ltd. (Scrip Code: 503960) will be sub-divided into2 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Bharat Bijlee Ltd. | BBL | 1:2 | 24-Apr | 24-Apr |
Refer: NSE Circular
Caution: Demerger of Mahalaxmi Rubtech Ltd.
As per a BSE circular, Mahalaxmi Rubtech Ltd. will demerge w.e.f. 19-Apr-24.
Due to this demerger, 1 equity share of Mahalaxmi Fabric Mills Ltd. will be issued for every 1 equity share held in Mahalaxmi Rubtech Ltd. and 1 equity share of Globale Tensile Ltd. will be issued for every 1 equity share held in Mahalaxmi Rubtech Ltd.
Name of Company | Symbol | Scrip Code |
Mahalaxmi Rubtech Ltd. | MHLXMIRU | 514450 |
Refer: BSE Circular
Bonus Issue of Shukra Pharmaceuticals Ltd.
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Shukra Pharmaceuticals Ltd. (Scrip Code: 524632) is issuing 3 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Shukra Pharmaceuticals Ltd. | SHUKRAPHAR | 20-Apr | 19-Apr |
Refer: BSE Circular
Bonus Issue of Naapbooks Ltd.
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Naapbooks Ltd. (Scrip Code: 543351) is issuing 2 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Naapbooks Ltd. | NBL | 19-Apr | 19-Apr |
Refer: BSE Circular
Sub-division of equity shares of Pulsar International Ltd.
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.
As per a recent BSE circular, 1 equity share of Pulsar International Ltd. (Scrip Code: 512591) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Pulsar International Ltd. | PULSRIN | 1:10 | 19-Apr | 19-Apr |
Refer: BSE Circular
Sub-division of equity shares of Suratwwala Business Group Ltd.
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.
As per a recent BSE circular, 1 equity share of Suratwwala Business Group Ltd. (Scrip Code: 543218) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Suratwwala Business Group Ltd. | SBGLP | 1:10 | 18-Apr | 18-Apr |
Refer: BSE Circular
Bonus Issue of Integrated Industries Ltd.
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Integrated Industries Ltd. (Scrip Code: 531889) is issuing 1 bonus share for every 1 existing share. The key dates for the bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Integrated Industries Ltd. | IIL | 16-Apr | 16-Apr |
Refer: BSE Circular