National Stock Exchange of India Limited Circular Department: FUTURES & OPTIONS Download Ref No: NSE/FAOP/75239 Date: July 16, 2026 Circular Ref. No: 103/2026 All Members, Introduction of Futures and Options Contracts on Nifty India FPI 150 Index Exchange is pleased to inform members that with reference to approval rec…
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Open source pageNational Stock Exchange of India Limited Circular Department: FUTURES & OPTIONS Download Ref No: NSE/FAOP/75239 Date: July 16, 2026 Circular Ref. No: 103/2026 All Members, Introduction of Futures and Options Contracts on Nifty India FPI 150 Index Exchange is pleased to inform members that with reference to approval received from SEBI, Futures and Options contracts on Nifty India FPI 150 Index shall be made available for trading in Future & Options segment w.e.f. August 12, 2026. The relevant information about the monthly futures and options contracts are as given in Annexure 1. The settlement procedure and details shall be intimated separately by the respective clearing corporations. Members may note that there is no change in the structure of any of the reports. The contract.gz file and MII contract (NSE_FO_contract_ddmmyyyy.csv.gz) and spread (NSE_FO_spdcontract_ddmmyyyy.csv.gz) files made available to trading members on the NSE Extranet (Path: /faoftp/faocommon) from August 11, 2026, end of day will reflect the new monthly futures and options contracts. Further, members are advised to load the above file in the trading application before trading on August 12, 2026. For and on behalf of National Stock Exchange of India Limited Khushal Shah Associate Vice President Toll Free No Email id 1800-266-0050 (Option 1) msm@nse.co.in National Stock Exchange of India Limited Page 2 of 3 Annexure – 1 Contract Specifications Particulars Futures Options Symbol NIFTYFPI NIFTYFPI Instrument FUTIDX OPTIDX Tick Size (Price Steps) Re 0.05 Re 0.05 Underlying Asset name Nifty India FPI 150 index Nifty India FPI 150 index Contract Size (Lot Size) 1100 1100 Trading Cycle 3 serial monthly contracts. 3 serial monthly contracts. Expiry Day “Last Tuesday” of the expiry month for the monthly contracts. If the “Last Tuesday” is a trading holiday, then the expiry day shall be previous trading day. Strike Scheme - Narrow Range Step Value: 5 Strike scheme : 20-1-20 --------------------------------------------------- Wide Range Step Value: 20 Strike scheme: 12-1-12 (Including 20 strikes due to strike interval of 5) Option Type - Call European (CE) and Put European (PE) National Stock Exchange of India Limited Page 3 of 3 Settlement Cash Settled Cash Settled Daily Settlement Price Closing price of the futures contract. If illiquid, then 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 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 8500 8500 Spread Contracts M1-M2; M1-M3; M2-M3 - On August 12, 2026, the following expiry cycle will be available: Expiry Cycle Expiry Day August-2026 August 25, 2026 September-2026 September 29, 2026 October -2026 October 27, 2026
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