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.