Price Bands

There are no day minimum/maximum price ranges applicable in the derivatives segment. However, in order to prevent erroneous order entry, operating ranges and day minimum/maximum ranges are kept as below:

  • For Index Futures: at 10% of the base price
  • For Futures on Individual Securities: at 10% of the base price
  • For Index and Stock Options: A contract specific price range based on its delta value is computed and updated on a daily basis.

In view of this, orders placed at prices which are beyond the operating ranges would reach the Exchange as a price freeze.

Market wide positions limits (MWPL)

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Did You Know

The higher the Percent of Deliverable Quantity to Traded Quantity the better - it indicates that most buyers are expecting the price of the share to go up.

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