Starting this new year, equity index derivatives contracts will have an all-new expiry day. Both the stock exchanges, NSE and BSE, have announced the revised expiry day for the Bank Nifty, Finnifty, Sensex, Bankex, and others. So, let’s find out the full details of the new expiry day of various index derivatives contracts and on which date the new rule will start applying.
January 1, 2025: New Expiry Day for Index Derivatives
Here is the full list of index derivatives and their revised expiry day of the month or week that will be applicable from January 1, 2025:
| Index Derivatives | Contract Period | Current Expiry Day | Revised Expiry Day |
|---|---|---|---|
| BANKNIFTY | Monthly and Quarterly | Last Wednesday of expiry month | Last Thursday of expiry month |
| FINNIFTY | Monthly | Last Tuesday of expiry month | |
| MIDCPNIFTY | Monthly | Last Monday of expiry month | |
| NIFTYNXT50 | Monthly | Last Friday of expiry month | |
| SENSEX (Weekly) | Weekly | Friday of every week | Tuesday of every week |
| SENSEX | Monthly, Quarterly, and Semi-Annually | Last Friday of expiry month | Last Tuesday of expiry month |
| BANKEX | Monthly | Last Monday of expiry month | |
| SENSEX 50 | Monthly | Last Thursday of expiry month |
For NSE, any new or existing contracts trading on or after January 1, 2025 will have to follow a revised expiry day schedule. For BSE, new contracts generated after January 1, 2025 while existing contracts expiring after January 3, 2025 will have to apply the new expiry.
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Revised Expiry Date of Each Contract
These index derivatives contracts will have a new expiry day based on the applicable rule from January 1, 2025.
| S. No. | Index | Contract Type | Existing Expiry Date | Revised Expiry Date |
|---|---|---|---|---|
| 1 | BANKNIFTY | Near Month | January 29, 2025 | January 30, 2025 |
| Mid Month | February 26, 2025 | February 27, 2025 | ||
| Far Month | March 26, 2025 | March 27, 2025 | ||
| Quarterly | June 25, 2025 | June 26, 2025 | ||
| Quarterly | September 24, 2025 | September 25, 2025 | ||
| Quarterly | December 31, 2025 | December 24, 2025 | ||
| 2 | FINNIFTY | Near Month | January 28, 2025 | January 30, 2025 |
| Mid Month | February 25, 2025 | February 27, 2025 | ||
| Far Month | March 25, 2025 | March 27, 2025 | ||
| 3 | MIDCPNIFTY | Near Month | January 27, 2025 | January 30, 2025 |
| Mid Month | February 24, 2025 | February 27, 2025 | ||
| Far Month | March 31, 2025 | March 27, 2025 | ||
| 4 | NIFTYNXT50 | Near Month | January 31, 2025 | January 30, 2025 |
| Mid Month | February 28, 2025 | February 27, 2025 | ||
| Far Month | March 28, 2025 | March 27, 2025 | ||
| 5 | SENSEX | Weekly | January 10, 2025 | January 7, 2025 |
| Monthly | January 31, 2025 | January 28, 2025 | ||
| 6 | BANKEX | Monthly | January 27, 2025 | January 28, 2025 |
| 7 | SENSEX 50 | Monthly | January 30, 2025 | January 28, 2025 |
Conclusion
These major changes in the expiry day of equity index derivatives will bring uniformity and reduce the chances of hedging and speculation. It is to be noted that Nifty weekly, monthly, quarterly, and half-yearly contracts do not face any change on the expiry day. Open Demat Account with SMC Global Securities and it is good to invest in F&O based on your risk appetite.
References:
https://nsearchives.nseindia.com/content/circulars/FAOP65336.pdf
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20241128-70
Author: All Content is verified by SMC Global Securities.
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- 33+ Years of Serving
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