Currently, Nifty Bank’s monthly and quarterly contracts expire on the last Wednesday of the month, while FinNifty’s expiry is on Tuesday. Nifty Midcap Select contracts expire on Mondays, and Nifty Next50 on Fridays.
“There is no change in expiry day for Nifty monthly, weekly, quarterly & half yearly contracts. The circular shall come into effect from EOD of January 01, 2025 i.e. Expiry day for all existing contracts will be revised to ‘New Expiry Day’ on January 01, 2025 (EOD),” NSE said in a circular.
The revised expiry date for all existing index derivative contracts will be reflected in the contract file generated on January 1, 2025, at the end of the day, and will be applicable for trading from January 2, 2025, NSE added.
Also read: BSE announces change in expiry days for Sensex, Bankex and Sensex 50 starting January 1, 2025
Earlier this week, BSE shifted the monthly expiries of Sensex, Bankex, and Sensex50 to the last Tuesday of every month starting January 1, 2025. The weekly Sensex contracts will also expire on Tuesdays instead of Fridays.
To address the issue of excessive trading activity on expiry days, SEBI recently directed exchanges to limit weekly options to one index derivative product each. Consequently, both BSE and NSE have discontinued weekly contracts for all index derivatives except Sensex and Nifty, effective November 20.
