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NRI

REVISED EXPIRY DAY FOR NSE DERIVATIVE CONTRACTS

 

The National Stock Exchange of India (NSE) recently announced changes to the expiry day of index and stock derivatives contracts. This update is crucial for traders to manage their positions and plan accordingly. Let's break down these changes and understand how they affect trading strategies.

 

Key Changes in Expiry Day of Derivative Contracts

The NSE Circular, dated March 4, 2025 specifies the revised expiry days for various index and stock derivatives, effective from April 4, 2025. The table below summarizes the changes:

Derivatives on

Particulars

Current Expiry Day

Revised Expiry Day

Index

NIFTY weekly contracts

Thursday of the expiry week

Monday of the expiry week

NIFTY monthly, quarterly and half yearly contracts

Last Thursday of expiry month

Last Monday of expiry month

BANKNIFTY monthly & quarterly contracts

FINNIFTY, MIDCPNIFTY and NIFTYNXT50 monthly contracts

Stocks

All Monthly contracts

 

Illustration of Revised Contract Expiries

The revised contract expiries available on the trading date of April 4, 2025, are detailed below:


Index Derivatives (NIFTY)

Contract Type

Current Expiry

Revised Expiry

 

Weekly Expiry

Expiry and Maturity Date

Day

Expiry and Maturity Date

Day

3-April-2025

Thursday

No Change

 

9-April-202

Wednesday

11-April-2025

Friday

17-April-2025

Thursday

21-April-2025

Monday

30-April-2025

Wednesday

5-May-2025

Monday

Near Month

27-March-2025

Thursday

No Change

 

Mid-Month

24-April-2025

Thursday

28-April-2025

Monday

Far Month

29-May-2025

Thursday

26-May-2025

Monday

Quarterly

26-June-2025

Thursday

30-June-2025

Monday

25-September-2025

Thursday

29-September-2025

Monday

24-December-2025

Thursday

29-December-2025

Monday

 

Stock Derivatives

Contract Type

Current Expiry (Thursday)

Revised Expiry (Monday)

Monthly Expiry

27-March-2025

No Change

 

24-April-2025

28-April-2025

 

29-May-2025

26-May-2025

 

26-June-2025

30-June-2025


Important Points to Note

Effective Date: The changes take effect from April 4, 2025.

Existing Contracts: All existing contracts having the expiry till April 3, 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.

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


Conclusion

Staying updated with changes in the trading environment is crucial for market participants. The revision in expiry days by the NSE 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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