What are the contract specifications and trading parameters of Futures on Individual Securities ?
The Underlying security for the Futures on individual securities contracts shall be the underlying security available for trading in the capital market segment of the exchange. These contracts can have a trading cycle of maximum 3 months- the near month (one), the next month (two) and the far month (three). With the expiration of near month contract on the last thursday of each month, a fresh contract is introduced on the very next day. The contract will expire on the previous trading day if last Thursday of the month is a trading holiday. The minimum value of an Index Future contract is Rs2, 00,000. Tick size of Nifty Futures is Re0.05. On the day of introduction of future contract, Base price of futures contracts would be its theoretical future price. In the following days daily settlement price of the futures contracts is its base price.
