Multi Commodity Exchange of India (MCX) (₹11,052), on December 23, announced a share split (January 2, 2026, is the record date) with a ratio of 5:1. The split will lead to necessary adjustments in the futures and options (F&O) contracts. The adjustment factor will be 5.
On January 2, the stock price and all derivatives contracts on MCX will be adjusted appropriately.
With respect to futures contracts, the reference rate of the relevant contract on January 1 will be considered. Reference rate will be the mark-to-market settlement price of the relevant futures contract. So, the open positions shall be carried forward to January 2 at the daily settlement price on January 1 divided by 5, the adjustment factor.
Suppose the nearest expiry futures closes at ₹11,000 on January 1, it will be revised to ₹2,200 (₹11,000 divided by 5). Also, the lot size will be increased five times from current 125 shares to 625 shares per contract.
For options, all the strike prices in the option chain of MCX will be divided by 5 from January 2. For example, the strike price of 11,000 and 11,200 will be modified to 2,200 and 2,240 respectively.
That said, the aforesaid measures are not likely to impact the overall trend of this stock. So, traders can stick to their views and are only required to note the changes in the contracts that they hold.
Published on December 27, 2025
