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REVISED EXPIRY DAY FOR DERIVATIVE CONTRACTS

 

The NSE & BSE have announced changes to the expiry day of index and stock derivatives contracts, effective from 01 September 2025. The expiry day will remain unchanged for contracts expiring on or before 31 August 2025.

Let's break down these changes:

Key Changes in Expiry Day of Derivative Contracts

The NSE circular, specifies the revised expiry days for various index and stock derivatives, effective on or after 01 September 2025. The table below summarizes the changes

Contract Period Particulars Current Expiry Day Revised Expiry Day
Weekly  NIFTY Thursday of the expiry week Tuesday of the expiry week
Monthly, Quarterly and Half yearly  NIFTY Last Thursday of expiry month Last Tuesday of expiry month
BANKNIFTY
Monthly FINNIFTY, MIDCPNIFTY , NIFTYNXT50 and Single stocks


Please Note: 

The expiry schedule for NIFTY contracts (monthly, weekly, quarterly, and semi-annually) remains unchanged till 29th August, 2025.

For BSE, the expiry day will be revised as follows:

Contract Period Particulars Current Expiry Day Revised Expiry Day
Weekly  Sensex Tuesday of the expiry week Thursday of the expiry week
Monthly Bankex Last Tuesday of expiry month Last Thursday of expiry month
Sensex 50
Monthly, Quarterly and Half yearly  Sensex


Illustration of Revised Contract Expiries

The revised expiries of contracts available for trading with effect from 29th August 2025, are detailed below:

Index Derivatives (NIFTY)

      Index              Contract              Existing Date                         Revised Date
         NIFTY           Weekly Expiry                  04-Sep-25                          09-Sep-25
               11-Sep-25                          16-Sep-25
               18-Sep-25                          23-Sep-25
               01-Oct-25                          07-Oct-25
   (since 02-Oct-25 is holiday)  
            Near Month                 25-Sep-25                         30-Sep-25
            Mid Month                30-Oct-25                         28-Oct-25
            Far Month                           25-Nov-25
    (new contract generated with Tuesday expiry)
            Quarterly                 24-Dec-25                         30-Dec-25
                   26-Mar-26                         31-Mar-26
                  25-Jun-26                         30-Jun-26
           Half Yearly                 31-Dec-26                         29-Dec-26
                  24-Jun-27                         29-Jun-27
                  30-Dec-27                         28-Dec-27
                  29-Jun-28                         27-Jun-28
                  28-Dec-28                         26-Dec-28
                  28-Jun-29                         26-Jun-29
                  27-Dec-29                         24-Dec-29
                   (since 25-Dec-29 is holiday)
                    27-Jun-30                         25-Jun-30
    (New half yearly contracts)  

 

Stock Derivatives (Monthly Expiry)

         Contract Type        Current Expiry (Thursday)                        Revised Expiry (Tuesday)
          Near Month               25-Sep-25                              30-Sep-25
          Mid Month               30-Oct-25                                28-Oct-25
          Far Month                  -     25-Nov-25 (new contract generated with Tuesday expiry)


Important Points to Note:

Effective Date: The changes take effect from September 2, 2025.

Existing Contracts: All existing contracts till 29th August, 2025 (EOD) will follow the old expiry days’ schedule.

New Contracts: Any new contracts created on or after the effective date will follow the revised expiry days' schedule.

Holiday Adjustments: Some expiry dates may shift to a previous day if any holiday falls on the original date.

The revision in expiry days by the exchange requires traders to update their systems, strategies, and risk management practices accordingly. Ensure your trading practices are aligned with these revisions to avoid potential disruptions.

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