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From July, NSE Shifts Nifty Bank F&O Contracts Expiry Day To Friday

The move comes weeks after the Bombay Stock Exchange too did the same

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Weeks after the Bombay Stock Exchange shifted its expiry day for Derivatives and contracts, the National Stock Exchange (NSE) too will shift the expiry of Bank Nifty derivatives contracts from Thursday to Friday. 

In a circular issued on Tuesday, the NSE said, "The above shall be effective from trade date 7 July, 2023 Friday and accordingly, all existing contracts with Thursday expiry will be revised to Friday on 6 July, 2023 EOD. The first Friday expiry will be on 14 July, 2023,"

The change will be effective from 7 July and will apply to both weekly and monthly futures and options (F&O) contracts of the widely traded banking sector index. According to this new system, the first Friday expiry will be on 14 July, 2023.

It may be noted here that the NSE dominates the derivatives segment.  At present, Nifty Bank weekly contracts expire every Thursday, while monthly and quarterly contracts expire on the last Thursday of the expiry month.

The smaller rival BSE has started receiving traction after it relaunched its Sensex and Bankex derivatives contracts with reduced sizes and Friday expiry.

According to market analysts, the move comes to counter BSE’s move of tweaking the lot size and expiry day of options contracts which had gained popularity due to low charges. The NSE however says that the move comes from the market feedback it has been receiving from quite some time. 

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national stock exchange nse nifty