Skip to content

Nifty Bank F&O expiry moved to Friday by NSE

NSE plans to extend F&O trading hours

In a recent move from July 7, 2023, the National Stock Exchange will no longer allow Bank Nifty Futures and Options (F&O) to expire on a Thursday. All current contracts with a Thursday expiry will be amended at the close of Market Hours on July 6, 2023 to reflect the new Friday expiration date. According to a letter sent out by exchange to its members, the first Friday expiration date will be July 14, 2023.

Effective with the week of July 9, Now NSE will have a F&O expiry every day of the week except than Monday. Tuesday is the Nifty Financial expiration, Wednesday is Nifty Midcap Select, Thursday is Nifty 50, and today is Bank Nifty's turn. Earlier the expiration date of the Nifty Financial contract was also moved from Thursday to Tuesday allegedly so that traders wouldn't get confused and divert their attention on three different contracts on the same day. Following the changeover, there was a noticeable increase in the trading volume of NSE's Nifty Financial.

Why NSE shifted Bank Nifty Expiry

Almost 3 weeks before BSE's newly introduced F&O contracts-weekly Sensex and Bankex options  with a Friday expiry. In fact, BSE picked Friday so that it wouldn't conflict with NSE's F&O contracts' expiration date. Trading Has Commenced with a record high of Rs 69,422 crore in turnover, comprising Rs 69,287 crore in options and Rs 135 crore in futures, volume appears to be picking up steam.  This decision from NSE will have an immediate and negative effect on BSE volumes for sure however we have to wait and watch about BSE reaction on the same.

No comment yet, add your voice below!


Add a Comment

Your email address will not be published. Required fields are marked *

blogs

    20

    Per order + Get Instant Pledge Benefits* + Zero delivery Brokerage

    10

    Per order only (No hidden charges)

    Open FREE Demat Account in less than 10 minutes (Commodity & Currency)

    20

    Per order + Get Instant Pledge Benefits* + Zero delivery Brokerage

    10

    Per order only (No hidden charges)

    Open FREE Demat Account in less than 10 minutes

    20

    Per order + Get Instant Pledge Benefits* + Zero delivery Brokerage

    10

    Per order only (No hidden charges)

    Related Posts

    Brigade-Enterprises-shares-jump-5%-on-3x-surge-in-net-profit
    Brigade Enterprises, a realty company surged over 8% after reporting nearly three-fold jump in consolidated...
    Nifty breaches 23,000-mark for first time, Sensex hits new all-time high
    Benchmark equity indices Sensex and Nifty hit fresh all-time high, with Nifty crossing 23,000 points...
    Paytm Q4 FY24 loss widens to ₹ 550 crore after RBI action against payments bank
    Paytm, a digital payments firm, posted a wider loss in the fourth quarter due to...