NSE Eyes Tuesday for Weekly Index Derivatives Expiry
Why in the news
NSE wants weekly index expiry on Tuesday as SEBI weighs allowing only two expiry days a week.
Key facts
- SEBI’s Secondary Market Advisory Committee discussed restricting weekly expiries to Tuesday and Thursday; Chairman Tuhin Kanta Pandey said the final circular is due soon.
- NSE earlier dropped a Monday plan; it now prefers Tuesday, the day BSE index options already expire.
- Rules allow only one benchmark expiry per exchange per week, hurting NSE volumes.
- Q4FY25 transaction charges dropped 15% quarter-on-quarter; NSE sees no further share loss to BSE.
NSE IPO
- SEBI is resolving pending issues; clearance may come soon, with no firm date.
Significance
- Fewer expiry days can calm volatility and balance liquidity between exchanges.
- An IPO could unlock value and widen participation.
Exam angle
- SEBI chief: Tuhin Kanta Pandey.