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SEBI Shifts Weekly Derivatives Expiry Days for NSE and BSE

18 June 20251 min read
BANKING & FINANCESEBI Shifts WeeklyDerivatives ExpiryDays for NSE andBSE18 June 2025safalsetu.com

Why in the news

SEBI approved a reshuffle of weekly equity derivatives expiry days across the two exchanges.

ItemChange
NSETuesday (was Thursday)
BSEThursday (was Tuesday)
Effective1 September 2025
Existing contractsKeep expiries, except long-dated index options, which are realigned

SEBI’s rationale

  • Reduce hyperactivity and concentration risk on expiry days.
  • Stop frequent expiry changes; ensure product differentiation; two expiry days weekly, so exchanges choose separate days.

Likely impact

  • NSE: more liquid, may gain participation; premiums just before expiry may fall.
  • BSE: may cede 200-300 bps (Nuvama Research); shares fell over 10%.
  • BSE CEO Sundararaman Ramamurthy says Thursday is familiar to traders.

Exam angle

  • Effective date: September 1, 2025.

Test yourself

1. From September 1, 2025, on which weekday will NSE weekly equity derivatives contracts expire under SEBI's revised schedule?

NSE weekly contracts move to Tuesdays, while BSE moves to Thursdays.

2. According to SEBI's rule, what is the maximum number of weekly expiry days allowed across exchanges?

SEBI limited expiry days to two per week.

3. Which research firm estimated that BSE may cede 200-300 basis points of market share after the expiry change?

Nuvama Research gave the 200-300 bps estimate.