Contract Specifications for Stock Futures

Trading in stock futures commenced on the NSE from November 2001.These contracts are cash settled on a T+1 basis.
The expiration cycle for stock futures is the same as for index. Futures, index options and stock options.
A new contract is introduced on the trading day following the expiry of the near month contract.

Contract specification	Stock futures
Underlying index	Individual securities
Exchange of trading	National Stock Exchange of India Limited
Security Descriptor	N FUTSTK
Contract size	As specified by the exchange(minimum value Rs2lakh)
Expiry day	The last Thursday of the expiry month or the previous trading day if the last Thursday is a trading holiday.
Settlement basis	Mark to Market and final settlement will be cash settled on T+1 basis.