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Business News/ Markets / Stock Markets/  Bank Nifty monthly and quarterly F&O contracts to expire on Wednesday from this month
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Bank Nifty monthly and quarterly F&O contracts to expire on Wednesday from this month

All contracts of Bank Nifty - weekly, monthly and quarterly - will now expire on Wednesdays. In July last year, the bourse had shifted the Bank Nifty weekly expiry to Wednesday from Thursday.

If Wednesday is a trading holiday, then the expiry day will be the previous trading day. (MINT_PRINT)Premium
If Wednesday is a trading holiday, then the expiry day will be the previous trading day. (MINT_PRINT)

The Bank Nifty monthly and quarterly contracts beginning today (March 1) will expire on the last Wednesday of the expiry month instead of Thursdays.

The National Stock Exchange (NSE) in December had revised the expiry day of Nifty Bank monthly and quarterly contract cycle which is set to be applicable from March 01, 2024.

With this revision, all contracts of Bank Nifty - weekly, monthly and quarterly - will now expire on Wednesdays. In July last year, the bourse had shifted the Bank Nifty weekly expiry to Wednesday from Thursday.

If Wednesday is a trading holiday, then the expiry day will be the previous trading day.

Read here: Bank Nifty Monthly and Quarterly Contract Cycle expiry day changed from March 01, 2024. Here's all you need to know

Under the revised framework, the expiry day of all existing contracts available for trading on March 01, 2024, will be preponed from February 29, 2024, end of the day, NSE had said in its circular.

Therefore, the expiry day of Bank Nifty contracts expiring on March 28, 2024, (Monthly- Near Month) will be revised to March 27, 2024. Similarly, the monthly contract expiring on April 25 (Monthly- Middle Month) will now expire on April 24. For Monthly-Far Month contracts expiring on May 30, the revised expiry date will be May 29.

Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on March 1

With these changes, the new schedule for the NSE’s F&O contracts expiry will be: 

  • Monday - Nifty Midcap Select
  • Tuesday - Nifty Financial Services 
  • Wednesday - Bank Nifty
  • Thursday - Nifty 50

Earlier, NSE had also planned to shift the Bank Nifty expiry to Friday from Thursday. However, this plan was scrapped.

Also Read: NSE remains world's largest derivative exchange in 2023 for fifth straight year

NSE has maintained its dominant position as the world’s largest derivative exchange in 2023 by the number of contracts traded. The exchange ranked 3rd in the world in the equity segment by number of trades (electronic order book).

The number of unique registered investors on the exchange also crossed the 8.5 crore mark by the end of 2023.

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Published: 01 Mar 2024, 08:57 AM IST
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