The Securities and Exchange Board of India (SEBI) approved the National Stock Exchange’s (NSE) request to change the weekly expiry day of Equity Derivatives Contracts from Thursday to Tuesday, says a Reuters report.
Earlier last month, SEBI said expiries for all equity derivatives contracts would be limited to either Tuesdays or Thursdays, to enhance investor protection and market stability.
In a statement, the National Stock Exchange also confirmed that the market regulator has approved the proposal by NSE to change the expiry day from Thursday to Tuesday. Additionally, NSE has also outlined the effects of existing contracts and new contracts.
Effect on existing contracts
For the existing contracts, the National Stock Exchange outlined to keep the expiry day of derivatives contracts unchanged for already introduced contracts – with the exception of long dated index options contracts for which the Stock Exchanges to suitably realign expiry day as per the practice followed in past.
New contracts
For the new contracts, NSE outlined to continue with present expiry day (Thursday) for derivative contracts which expire on or before August 31, 2025.
Furthermore, NSE has outlined to change the expiry day of the derivatives contracts which expire on or after September 01, 2025, to Tuesday. Further, from September 01, 2025, the monthly contracts would expire on the last Tuesday of the month.