- From September 01, 2025, the monthly contracts would expire on the last Tuesday of the month
NE BUSINESS BUREAU
MUMBAI, JUNE 18
The Securities and Exchange Board of India (Sebi) has permitted the National Stock Exchange (NSE) to alter the days for settlement of equity derivatives contracts.
Derivatives contracts on the NSE will now expire on Tuesdays, moving from the current Thursday expiry.
In May, the market regulator issued a circular restricting expiries to just two days a week and asked each exchange to select one.
“This is with regard to SEBI circular SEBI/HO/MRD/TPD-1/P/CIR/2025/76 dated May 26, 2025 on ‘Final Settlement Day (Expiry Day) for Equity Derivatives Contracts’ and submissions made by NSE. After evaluating the submission, the following has been intimated to NSE with regard to the Expiry Day for Equity Derivatives: SEBI has agreed to the Expiry Day proposed by NSE i.e. Tuesday. Since there would be a change in the expiry day of derivatives contracts from the present (Thursday), following additional points need to be adhered to for smooth transition,” says an NSE release.
“For existing contracts: To keep the expiry day of derivatives contracts unchanged for already introduced contracts – with the exception of long dated index options contracts for which the Stock Exchanges to suitably realign expiry day as per the practice followed in past,” it added.
“For new contracts: 1. To continue with present expiry day (Thursday) for derivative contracts which expire on or before August 31, 2025. 2. To change the expiry day of the derivatives contracts which expire on or after September 01, 2025 to Tuesday. Further, from September 01, 2025, the monthly contracts would expire on the last Tuesday of the month. Exchange will issue a detailed circular defining operational guidelines in due course.
