The National Stock Exchange (NSE) has reduced the lot size for Bank Nifty contracts from 25 to 15. This change was implemented on June 30, 2023, and it is expected to make the contracts more accessible to retail investors.
The new lot size means that investors will need to purchase 15 Bank Nifty contracts in order to take a position on the index. This is a significant reduction from the previous lot size of 25, which made the contracts more expensive for retail investors.
The NSE has stated that the reduction in the lot size is in line with its efforts to make the derivatives market more accessible to a wider range of investors. The exchange has also said that the change will help to increase liquidity in the Bank Nifty market.
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