Description
NSE updates quantity freeze limits for derivatives contracts on indices effective December 01, 2025, including BANKNIFTY, NIFTY, FINNIFTY, MIDCPNIFTY, and NIFTYNXT50.
Summary
NSE has issued updated quantity freeze limits for derivatives contracts on five indices, effective December 01, 2025. The limits apply to BANKNIFTY (600), NIFTY (1800), FINNIFTY (1200), MIDCPNIFTY (2800), and NIFTYNXT50 (600). Members must update their trading applications with the latest contract files before the effective date.
Key Points
- Quantity freeze limits updated as per computation methodology in F&O consolidated circular NSE/FAOP/67775 dated April 30, 2025
- BANKNIFTY: 600 contracts
- NIFTY: 1800 contracts
- FINNIFTY: 1200 contracts
- MIDCPNIFTY: 2800 contracts
- NIFTYNXT50: 600 contracts
- Members must load updated contract.gz and NSE_FO_contract_ddmmyyyy.csv.gz files before trading on effective date
Regulatory Changes
This circular implements periodic updates to quantity freeze limits based on the established computation methodology outlined in the F&O consolidated circular. The limits are adjusted to reflect current market conditions and trading volumes for index derivatives.
Compliance Requirements
- Trading members must update their trading applications with the latest contract files from faoftp/faocommon directory on Extranet server
- Updates must be completed before December 01, 2025
- Members can access contract files from NSE website at https://www.nseindia.com/all-reports-derivatives
- Detailed quantity freeze information for each underlying is available at https://www.nseindia.com/products-services/equity-derivatives-contract-information
Important Dates
- Circular Date: November 28, 2025
- Effective Date: December 01, 2025
Impact Assessment
The updated quantity freeze limits will affect trading strategies for index derivatives, particularly for high-volume traders and institutional participants. MIDCPNIFTY has the highest limit at 2800 contracts, while BANKNIFTY and NIFTYNXT50 have the lowest at 600 contracts each. Members need to ensure system updates are completed to avoid trading disruptions on the implementation date.
Impact Justification
Routine update to quantity freeze limits for index derivatives affecting trading members but not introducing significant policy changes