• HDFC securities
• 10 Mar 2025
• Knowledge Centre

NSE Revises Expiry Days for Index and Stock Derivatives – Key Changes You Need to Know

 The National Stock Exchange of India (NSE) has announced a significant revision in the expiry days of index and stock derivatives contracts. As per Circular No. 33/2025, dated March 4, 2025, the changes will take effect from April 4, 2025. This move impacts key indices such as NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, and NIFTYNTX50, along with all stock monthly contracts.

What Has Changed?

Segment	Contract Type	Current Expiry Day	Revised Expiry Day
Index	NIFTY Weekly Contracts	Weekly Thursday	Weekly Monday
	Nifty Monthly, Quarterly and Yearly Contracts	Last Thursday of Expiry Month	Last Monday of Expiry Month
	BANKNIFTY Monthly & Quarterly Contracts
	FINNIFTY, MIDCPNIFTY, NIFTYNXT50 Monthly Contracts
Stocks	All Monthly Contracts

 

 1. NIFTY Weekly Expiry Moves to Monday
 Previously, NIFTY weekly options contracts expired on Thursday. Under the revised structure, the expiry has been shifted to Monday of the expiry week.

 2. Monthly, Quarterly & Yearly Expiry Moves to Monday
 NIFTY monthly, quarterly, and half-yearly contracts, as well as BANKNIFTY monthly and quarterly contracts, earlier expired on the last Thursday of the month. This has now been revised to the last Monday of the expiry month.

 3. Sectoral Indices Expiry Shifts to Monday
 FINNIFTY, MIDCPNIFTY, and NIFTYNTX50 contracts, which also expired on the last Thursday of the month, will now expire on the last Monday of the expiry month.

 4. Stock Monthly Contracts Expiry Moves to Monday
 All stock derivatives with a monthly expiry will now expire on the last Monday of the expiry month instead of Thursday.

 When Will This Take Effect?
 The revised expiry dates will be implemented from April 4, 2025. However, all existing contracts will be adjusted to the new expiry days on April 3, 2025 (EOD). Any new contracts created for trading after this date will follow the updated schedule.

 What Should Traders Do?
1.Update Your Trading Strategies: If you are trading NIFTY, BANKNIFTY, or stock derivatives, make sure to adjust your expiry-based strategies accordingly.
2.Monitor Liquidity Shifts: With expiry days changing, liquidity patterns may shift. Traders should observe open interest trends and volumes on new expiry days.