NSE defers plan to change its weekly expiry to Monday after SEBI consultation paper

The National Stock Exchange (NSE) has deferred its plan to change the day of expiring of its contracts to Monday after the release of the consultation paper from market regulator Securities and Exchange Board of India (SEBI) late Thursday evening.

Currently, all the contracts on the NSE have their expiry on Thursday.

“Members are required to note that the implementation of this circular (shift of expiry to Monday) is deferred until further notice in view of SEBI consultation paper dated March 27, 2025 on Final Settlement Day for Equity Derivatives,” the NSE said in a new circular.

Last evening, SEBI issued a consultation paper, proposing to keep all equity derivative contracts expiry either on Tuesday or on Thursday. The paper also proposed that the exchanges must seek SEBI’s nod to modify contract expiries or settlement dates.

Earlier this month, the NSE had announced that it will shift the expiry date for Nifty index weekly derivative contracts from Thursday to Monday, effective April 4. The change was also to apply to Nifty’s monthly, quarterly, and half-yearly contracts.

Currently, the Bombay Stock Exchange (BSE) has its weekly contracts expiring on Tuesday, which was changed from Friday earlier.

“We will not run behind derivative market share. However, there should be a spread between 2 expiries,” BSE CEO Sundararaman Ramamurthy. said in a conversation with CNBC-TV18 earlier this week.

“Whatever was the SEBI’s perspective of reducing daily expiry, I don’t think is going to be met if we continue to have multiple expiries on different days. So, for me, if you want to really remove that, you need to have one single day, whichever way,” NSE CEO Ashishkumar Chauhan had said on March 10.

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