Synopsis
The NSE has officially moved the expiry days of F&O for Bank Nifty, Fin Nifty, and other indices to the last Monday of the month. This change aims to enhance investor protection and will take effect from April 3.Key Takeaways
- NSE changes F&O expiry to last Monday of the month.
- Effective from April 3.
- No changes in contract specifications.
- Decision aims to protect investors.
- Previous expiry was on the last Thursday.
Mumbai, March 4 (NationPress) - The National Stock Exchange (NSE) declared on Tuesday that it has transitioned the expiry days for the futures and options (F&O) of Bank Nifty, Fin Nifty, Nifty Midcap Select, and Nifty Next50 to the last Monday of the expiry month.
As per an official NSE announcement, these modifications will come into effect starting April 3. Previously, the expiry day was set for the last Thursday of the respective month.
"The last Thursday of the expiry month. If the last Thursday is a trading holiday, then the expiry day is the previous trading day," the announcement stated.
Additionally, it was reported that new serial weekly options contracts will be introduced following the expiry of the current week's contract.
The exchange has also moved the expiry days for Nifty's monthly, quarterly, and half-yearly contracts from Thursday to Monday.
Moreover, the expiry days for Nifty weekly contracts have been shifted from Thursday to Monday.
Experts suggest that this decision by the Indian exchange aims to protect investors' funds.
"There will be no alterations in the contract specifications of index and stock derivatives," the NSE confirmed.
Previously, the exchange had announced adjustments to the expiry days of its contracts, set for implementation from January 1, 2025, as per a circular released on November 29.
This circular also indicated no changes to the expiry days for Nifty monthly, weekly, quarterly, and half-yearly contracts.
On the same day, March 4, Indian domestic benchmarks closed slightly lower, with both the Sensex and Nifty finishing in the negative territory.
This downturn followed the enforcement of US trade tariffs on Canada and Mexico, which commenced today. Additionally, retaliatory tariffs from Canada on US goods contributed to the weak market sentiment.
The 30-share Sensex finished at 72,989.93, down by 96 points or 0.13 percent from its previous close. During the intra-day session, the index fluctuated between 73,033.18 and 72,633.54.
The Nifty also closed lower at 22,082.65, decreasing by 36.65 points or 0.17 percent during intra-day trading. Throughout the session, the index reached a high of 22,105.05 and a low of 21,964.60.
