The National Stock Exchange of India (NSE) has announced a major revision in the expiry dates for index and stock derivatives contracts, shifting the weekly and monthly expiry for Nifty, Bank Nifty, Fin Nifty, and other indices from Thursday to Monday. This change will be implemented starting April 4, 2025. Under the new rule, Nifty weekly contracts will now expire on Monday instead of Thursday, while Nifty’s monthly, quarterly, and half-yearly contracts will also shift their expiry from the last Thursday of the month to the last Monday. Similarly, Bank Nifty, Fin Nifty, Midcap Nifty, and Nifty Next 50 monthly contracts will now expire on the last Monday of the month instead of Thursday. All stock monthly contracts, which were earlier expiring on Thursday, will now follow the Monday expiry cycle.
The transition will take effect from April 4, 2025, with the last Thursday expiry occurring on April 3, 2025. After this, all existing contracts will be adjusted accordingly, and any new contracts created for trading on or after the effective date will follow the revised Monday expiry. This shift aims to streamline trading cycles and reduce volatility caused by simultaneous expiries across multiple instruments. The adjustment aligns with global market practices and is expected to enhance liquidity and efficiency in the derivatives segment.
Traders accustomed to the traditional Thursday expiry cycle will need to adapt to the new schedule, and the market is expected to see shifts in liquidity trends, particularly on Mondays, which will now host major contract expiries. NSE has advised traders and brokers to update their systems and strategies to accommodate this structural shift. Further details, including settlement procedures, will be communicated separately by clearing corporations. This change marks a significant shift in India’s derivatives market structure, impacting traders, institutions, and hedging strategies.
