• HDFC securities
• 18 Nov 2024
• Knowledge Centre

According to the SEBI circular, starting from November 20, 2024, exchanges will be allowed to offer derivatives contracts with weekly expiries for only one benchmark index. Here’s everything you need to know about this new development :

 

What’s Changing?
Under the revised rules:
            1.         NSE will offer weekly expiry options only for the Nifty 50 Index.
            2.         BSE will continue to offer weekly expiry options for the Sensex Index.

 This means several popular indices will no longer have weekly derivatives contracts.

 

Discontinued Weekly Contracts:
The following indices will no longer have weekly derivatives contracts after their respective last trading dates:

Symbol	Index Name	Last Weekly Trading Date
BANKNIFTY	Nifty Bank	13-Nov-24
MIDCPNIFTY	Nifty Midcap Select	18-Nov-24
FINNIFTY	Nifty Financial Services	19-Nov-24
SENSEX50	SENSEX 50	14-Nov-24
BANKEX	BANKEX	18-Nov-24

 

Key Point to Note:

 Monthly Expiry Options Remain Unaffected: While weekly contracts for the above indices are being discontinued, monthly expiry contracts for all indices will continue to be available as usual.