My Account
Follow us on:
Powered By
Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Invest as low as 10,000 and earn better returns than FD
Invest Now
Powered By
Unlock Your Trading Potential: Trade like Experts with SEBI registered creators, Learn from Courses & Webinars by India’s Finest Finance Experts.
Invest Now
AMBAREESH BALIGA
Fundamental, Stock Ideas, Multibaggers & Insights
Subscribe
CK NARAYAN
Stock & Index F&O Trading Calls & Market Analysis
Subscribe
SUDARSHAN SUKHANI
Technical Call, Trading Calls & Insights
Subscribe
T GNANASEKAR
Commodity Trading Calls & Market Analysis
Subscribe
MECKLAI FINANCIALS
Currency Derivatives Trading Calls & Insights
Subscribe
SHUBHAM AGARWAL
Options Trading Advice and Market Analysis
Subscribe
MARKET SMITH INDIA
Model portfolios, Investment Ideas, Guru Screens and Much More
Subscribe
TraderSmith
Proprietary system driven Rule Based Trading calls
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Explore
STOCK REPORTS BY THOMSON REUTERS
Details stock report and investment recommendation
Subscribe
POWER YOUR TRADE
Technical and Commodity Calls
Subscribe
INVESTMENT WATCH
Set price, volume and news alerts
Subscribe
The National Stock Exchange (NSE) on July 12 announced a revision in the expiry days for futures and options contracts of Bank Nifty and Nifty Midcap Select. Starting from September 4, 2023, Bank Nifty’s weekly F&O contracts will expire on Wednesdays instead of Thursdays.
The first Wednesday weekly expiry is scheduled for September 6, 2023.
“All weekly contracts shall expire on Wednesday of every week excluding the expiry week of the monthly contract. If Wednesday is a trading holiday, then the expiry day is the previous trading day,” NSE said in a circular.
However, there is no change in the expiry days for the monthly and quarterly contracts of Bank Nifty. These contracts will expire on last Thursday of every month/quarter.
“There is no change in trading cycle i.e Nifty Bank will continue to have 4 weekly expiration contracts (excluding monthly contracts), 3 monthly expiration contracts and 3 quarterly expiries (March, June, Sept & Dec cycle),” NSE said.
For Nifty Midcap Select F&O contracts, the weekly as well as monthly expiry day has now been shifted to Monday instead of Wednesday. The first Monday expiry will be on August 21, 2023.
Essentially, the new schedule for NSE’s F&O contracts looks like this: Monday – Nifty Midcap Select; Tuesday – Nifty Financial Services; Wednesday – Bank Nifty and Thursday – Nifty 50.
Meanwhile, BSE’s relaunched Sensex and Bankex F&O contracts expire on Friday. So traders now have five expiries a week.
Earlier, NSE had changed Bank Nifty’s expiry to Friday from Thursday. But, the plan was soon scrapped. “BSE, based on market feedback feels that this can potentially impact the growth of Sensex and Bankex derivatives,” said the joint statement by BSE and NSE.
Get ₹100 cashback on checking your free Credit Score on Moneycontrol. Gain valuable financial insights in just two clicks! Click here
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
You are already a Moneycontrol Pro user.
Access your Detailed Credit Report – absolutely free
NSE changes Bank Nifty weekly expiry to Wednesday, Nifty Midcap expiry to Monday – Moneycontrol
Leave a comment