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 Futu…

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 FuturesOptions
SymbolNIFTYNXT50NIFTYNXT50
InstrumentFUTIDX OPTIDX 
Tick Size (Price Steps)Re 0.05Re 0.05
Contract Size (Lot Size) 1010
Trading Cycle3 serial monthly contracts3 serial monthly contracts
Expiry DayLast ‘Friday’ of the expiry month for the monthly. If the last ‘Friday’ is a trading holiday, then the expiry day is the previous trading dayLast ‘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)
SettlementCash Settled Cash Settled 
Daily Settlement PriceClosing 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 Freeze600600
Spread ContractsM1-M2; M1-M3; M2-M3 -

Please note on 24-Apr-2024, the following expiry cycle will be available:

Expiry CycleExpiry 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

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. …

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 CompanyNew Name of the  Company
L&TFHLTFL&T Finance Holdings Ltd.L&T Finance Ltd.

Refer: BSE Circular 

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 sh…

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 NameSymbolRecord dateEx-Bonus basis from Date 
The Anup Engineering Ltd.ANUP24-Apr24-Apr

Refer: BSE Circular

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 i…

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 NameSymbolSub-division RatioRecord DateEx-split Date
Bharat Bijlee Ltd.BBL1:224-Apr24-Apr

Refer: NSE Circular

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 Mill…

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 CompanySymbolScrip Code
Mahalaxmi Rubtech Ltd.MHLXMIRU514450

Refer: BSE Circular 

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 sh…

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 NameSymbolRecord dateEx-Bonus basis from Date 
Shukra Pharmaceuticals Ltd.SHUKRAPHAR20-Apr19-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 sh…

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 NameSymbolRecord dateEx-Bonus basis from Date 
Naapbooks Ltd.NBL19-Apr19-Apr

Refer: BSE Circular

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 i…

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 NameSymbolSub-division RatioRecord DateEx-split Date
Pulsar International Ltd.PULSRIN1:1019-Apr19-Apr

Refer: BSE Circular

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 i…

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 NameSymbolSub-division RatioRecord DateEx-split Date
Suratwwala Business Group Ltd. SBGLP1:1018-Apr18-Apr

Refer: BSE Circular

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 sh…

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 NameSymbolRecord dateEx-Bonus basis from Date 
Integrated Industries Ltd.IIL16-Apr16-Apr

Refer: BSE Circular