Tick Size Revision for Index Futures: Here's What You Need to Know

Announcements
1

Starting April 15, 2025, the tick size for Index Futures will undergo a revision. Here’s a quick breakdown of the changes:

  • Index Level: 0 to 15,000 → Tick size remains 0.05 (No change)
  • Index Level: 15,000 to 30,000 → Tick size revised to 0.10
  • Index Level: Above 30,000 → Tick size revised to 0.20

What’s a tick size?
A tick size is the minimum price movement allowed for a contract. So, with the revised structure, the higher the index value, the bigger the tick size, which helps improve price efficiency for higher-value indices.

  • The first tick size revision will be based on the closing index value on March 28, 2025 and will apply from April 15, 2025.
  • Tick size revisions will be reviewed and updated monthly thereafter.

Note: Index options contracts will continue to trade with a uniform tick size of ₹0.05.

You can check out the full NSE circular here: https://nsearchives.nseindia.com/content/circulars/FAOP67135.pdf