Change in lot size

All eyes would be on the Fed meet in the coming week. The indices are getting dizzy at heights. The pattern has been a strong start and bouts of profit booking, which appear more like select basket selling. Global cues will continue to dictate the start. The much anticipated rate cut will give a short time spurt to indices world over and India would be no exception. The announcement of a change in lot size of F&O contracts could boost sentiment in most of the F&O counters. On the flip side, its a double whammy for counters like Infosys, IVR Prime and Sun TV. On one hand their prices have fallen while on the other hand the lot sizes have increased. Retail investors would mostly choose counters with a smaller lot size. A new high is in store for the indices. But the question is, will it sustain?