Mumbai: The National Stock Exchange (NSE) on Tuesday introduced it has won approval from capital markets regulator SEBI to modify the expiry day for fairness derivatives contracts from Thursday to Tuesday. This transfer is a part of a broader effort to streamline expiry days throughout exchanges and scale back volatility. The new expiry time table will come into impact from September 1, 2025. The Bombay Stock Exchange (BSE) has additionally been given the go-ahead to proceed with Thursday as its expiry day from Tuesday.
The trade had proposed Thursday as its most popular agreement day, and SEBI has authorized the advice. Both exchanges shared authentic circulars outlining the adjustments following SEBI’s directive issued in May. According to the round issued through NSE, all current contracts will proceed to have Thursday because the expiry day, with the exception of for long-dated index choices, that could be realigned consistent with earlier practices.
For new contracts, the ones expiring on or earlier than August 31, 2025, will even observe the present Thursday expiry. From September 1, 2025, alternatively, expiry will shift to Tuesday, with per month contracts expiring at the final Tuesday of every month. Meanwhile, BSE’s round mirrors a an identical construction. All current contracts will deal with their present expiry time table, with long-term index choices adjusted the place vital.
New contracts expiring on or earlier than August 31, 2025, will stay the Tuesday expiry. From September 1, 2025, BSE’s expiry day will formally transfer to Thursday. The trade additionally introduced that it is going to forestall introducing recent weekly index futures contracts beginning July 1.
These selections had been taken after detailed discussions in SEBI’s Secondary Market Advisory Committee (SMAC) to deliver consistency in expiry days and make sure clean transitions between the exchanges. The alternate may be anticipated to cut back over the top hypothesis and assist exchanges focal point on development sustainable buying and selling patterns.
With this construction, NSE objectives to regain some marketplace proportion in derivatives buying and selling, the place BSE had made notable development after launching contracts with a special expiry day. Derivatives give a contribution considerably to income for each exchanges, and a transparent difference in expiry schedules may just play a an important position in shaping long term volumes.