Market LIVE: Sensex reclaims 50,000, jumps over 650 points in pre-open on first day of FY22

Financial Express - Business News, Stock Market News

All monthly expiry contracts starting from the July expiry contract will have a lot size of 50. Image: Reuters

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were likely to open in the positive territory on the first day of the new financial year (FY 2021-22). In the previous fiscal, benchmark Sensex jumped 68 per cent or 20,040.66 points, shrugging off the COVID-led disruptions. While Nifty 50 index rallied 71 per cent in FY21. Trends on SGX Nifty suggest that Nifty 50 will reclaim 14,850 on Thursday. Asian stock markets were trading higher in the early trade with Japan’s Nikkei 225 up 1.24 per cent while the Topix index gained 0.67 per cent. South Korea’s Kospi soared 0.76 per cent. In overnight trade on Wall Street, The S&P500 and Nasdaq closed higher. The Dow Jones Industrial Average fell 0.26 per cent, the S&P 500 gained 0.36 per cent, and the Nasdaq Composite added 1.54 per cent.

Meanwhile, all monthly expiry contracts starting from the July expiry contract will have a lot size of 50. July contracts will start trading from April 30, 2021. However, according to a SEBI circular, the April, May, and June contracts will continue to have a lot size of 75. The circular also stated that the lot size of all existing Nifty long term options contracts (having expiry greater than 3 months) shall be revised from 75 to 50 after the expiry of June 2021 contracts (i.e. June 25, 2021).

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