The National stock exchange scrapping of weekly contracts of Nifty Bank, FinNifty, Nifty Midcap Select and Nifty Next50, the National Stock Exchange (NSE) has changed the monthly expiry days of all the 4 F&O contracts to Thursday with effect from January 1.
Under the current set-up, Nifty Bank monthly and quarterly contracts expire on the last Wednesday of the month while for Fin Nifty it is Tuesday. Nifty Midcap Select contracts expire on Mondays and Nifty Next50 on Fridays.
Read also:https://coveragezone31.com/nse-to-introduce-45-new-stocks-in-fo/
NSE revises expiry day for index derivatives contracts
The National Stock Exchange of India (NSE) is making some changes to the expiry days for select index derivatives contracts, effective January 1, 2025. Here’s a quick breakdown:
- BANKNIFTY: Monthly and quarterly contracts will now expire on the last Thursday of the month instead of the last Wednesday.
- FINNIFTY: Monthly contracts will shift to the last Thursday, replacing the current last Tuesday expiry.
- MIDCPNIFTY: Monthly contracts will also move to the last Thursday, instead of the last Monday.
- NIFTYNXT50: Monthly contracts will expire on the last Thursday, replacing the last Friday.
No changes have been made to NIFTY’s monthly, weekly, quarterly, or half-yearly contract expiries.
This update is significant for traders and investors involved in the derivatives market. It’s essential to adjust trading strategies and risk management plans accordingly to align with the new expiry schedule.
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