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What are the contract specifications and trading parameters of S&P CNX Nifty Futures ?

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What are the contract specifications and trading parameters of S&P CNX Nifty Futures ?

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The underlying instrument of S &P CNX Nifty Futures is the index S &P CNX Nifty. 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 S&P CNX Nifty futures contracts would be the previous day’s closing Nifty value, which is the theoretical future price.

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