In line with SEBI Circular SEBI/HO/MRD/TPD-1/P/CIR/2025/76 dated May 26, 2025, and subsequent communications from both NSE and BSE, the expiry day for equity derivatives contracts is being revised. This move aims to bring uniformity and operational efficiency across exchanges.
What’s Changing?
- For NSE Derivatives:
- The expiry day will change from Thursday to Tuesday.
- This applies to contracts expiring on or after September 1, 2025.
- From this date, monthly contracts will expire on the last Tuesday of the month.
- Contracts expiring on or before August 31, 2025 will retain the Thursday expiry.
- Long-dated index options may be realigned as per existing practices.
- For BSE Derivatives:
- The expiry day will change from Tuesday to Thursday.
- This applies to contracts expiring on or after September 1, 2025.
- From this date, monthly contracts will expire on the last Thursday of the month.
- Contracts expiring on or before August 31, 2025 will retain the Tuesday expiry.
- No new weekly index futures contracts will be introduced on BSE from July 1, 2025 onward.
What You Need to Know
- Existing Contracts: No change in expiry day, except for realignment of long-dated index options if applicable.
- New Contracts (Post-September 1, 2025): Will follow the new expiry schedule as per the respective exchange.
- Operational Guidelines: Further details will be shared via separate circulars by the exchanges in due course.
Refer to the official circulars here:
BSE: Notice Number
NSE: https://nsearchives.nseindia.com/content/circulars/FAOP68589.pdf