SEBI Shifts Weekly Derivatives Expiry Days for NSE and BSE
Why in the news
SEBI approved a reshuffle of weekly equity derivatives expiry days across the two exchanges.
| Item | Change |
|---|---|
| NSE | Tuesday (was Thursday) |
| BSE | Thursday (was Tuesday) |
| Effective | 1 September 2025 |
| Existing contracts | Keep 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.