What is the LICI futures lot size?

One LICI futures contract is 700 shares, a contract value of about Rs 308,105 at the current futures price. Lot sizes are set by NSE and revised periodically.

What is basis in LICI 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. LICI basis is shown on this page and changes daily.

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Life Insurance Corporation of India (Financial Services) — near-month futures price, basis to spot, open interest, contract specs and the LICI options picture.

Futures

440.15

+2.36%

Spot

442.00

Basis

-1.85

-0.42%

Futures OI

—

lots

Lot Size

700

Contract Value

₹308,105

LICI futures snapshot

Life Insurance Corporation of India (LICI) near-month futures last settled at ₹440.15, up 2.36% on the day. Against a spot of ₹442.00, the contract is trading at a discount of ₹1.85 (0.42%). 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 700 shares, a contract value of about ₹308,105.

LICI derivatives snapshot

On the options side, LICI's nearest expiry (2026-06-30) shows a put-call ratio of 0.76, max pain at 425 and an ATM implied volatility of 33.9%. The heaviest call open interest sits at 450 (resistance) and the heaviest put OI at 400 (support). See the full LICI option chain.

Contract specifications

Exchange & segment	NSE — Equity Futures (F&O)
Sector	Financial Services
Lot size	700 shares
Approx. contract value	₹308,105
Expiry	Monthly (last Thursday) — near, next & far series
Settlement	Cash settled

How LICI futures work

A LICI futures contract is an agreement to buy or sell 700 LICI 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 LICI

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 LICI 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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