What is the BPCL futures lot size?

One BPCL futures contract is 1975 shares, a contract value of about Rs 605,535 at the current futures price. Lot sizes are set by NSE and revised periodically.

What is basis in BPCL futures?

Basis is the difference between the futures price and the spot price. A futures premium usually reflects the cost of carry; a discount can reflect bearish positioning or upcoming dividends. BPCL basis is shown on this page and changes daily.

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Futures

Bharat Petroleum Corpn. Ltd. (Oil & Gas) — near-month futures price, basis to spot, open interest, contract specs and the BPCL options picture.

Futures

306.60

-3.07%

Spot

307.00

Basis

-0.40

-0.13%

Futures OI

—

lots

Lot Size

1,975

Contract Value

₹605,535

BPCL futures snapshot

Bharat Petroleum Corpn. Ltd. (BPCL) near-month futures last settled at ₹306.60, down 3.07% on the day. Against a spot of ₹307.00, the contract is trading at a discount of ₹0.40 (0.13%). A futures premium typically reflects the cost of carry (financing minus dividends); a persistent discount can signal bearish positioning, heavy hedging or an upcoming dividend. One lot is 1,975 shares, a contract value of about ₹605,535.

BPCL derivatives snapshot

On the options side, BPCL's nearest expiry (2026-06-30) shows a put-call ratio of 0.6, max pain at 305 and an ATM implied volatility of 37.5%. The heaviest call open interest sits at 320 (resistance) and the heaviest put OI at 300 (support). See the full BPCL option chain.

Contract specifications

Exchange & segment	NSE — Equity Futures (F&O)
Sector	Oil & Gas
Lot size	1,975 shares
Approx. contract value	₹605,535
Expiry	Monthly (last Thursday) — near, next & far series
Settlement	Cash settled

How BPCL futures work

A BPCL futures contract is an agreement to buy or sell 1,975 BPCL shares at a set price on a future date. You don't pay the full contract value — only a margin (the exchange's VaR + ELM), which is what gives futures their leverage. Work out the exact figure with the equity margin calculator.

Two ideas matter most: basis (futures minus spot, which converges to zero by expiry) and rollover (moving a position to the next series as expiry nears — heavy rollover with rising OI signals continued interest). Positions are marked-to-market daily, so profit and loss settle into your account each session.

Futures vs options on BPCL

Futures give linear, leveraged exposure with unlimited profit and loss; options let you define risk (a buyer's loss is capped at the premium) and express views on volatility. Many traders use the BPCL option chain for the OI walls and sentiment, then trade futures or options around those levels. Size any trade with the position size calculator.

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