NSE Delays Expiry Shift to Monday in Response to SEBI Consultation

The National Stock Exchange (NSE) has postponed its plan to move the expiry date of its contracts to Monday, following the release of a consultation paper from the Securities and Exchange Board of India (SEBI) late Thursday evening. Currently, all contracts on the NSE expire on Thursday.

“The implementation of this circular (shifting the expiry to Monday) is deferred until further notice in light of SEBI’s consultation paper dated March 27, 2025, on the Final Settlement Day for Equity Derivatives,” the NSE stated in a new circular.

On Thursday evening, SEBI released a consultation paper suggesting that the expiry of all equity derivative contracts should occur on either Tuesday or Thursday. It also proposed that exchanges must seek SEBI’s approval before altering contract expiry dates or settlement days.

Earlier this month, the NSE had announced plans to move the expiry date for Nifty index weekly derivative contracts from Thursday to Monday, starting April 4. This change was also set to apply to Nifty’s monthly, quarterly, and half-yearly contracts.

Currently, the Bombay Stock Exchange (BSE) has its weekly contracts expiring on Tuesday, a change made from Friday.

NSE CEO Ashishkumar Chauhan stated on March 10, “Whatever SEBI’s perspective on reducing daily expiries, I don’t think it will be achieved if we continue with multiple expiries on different days. To really address this, there needs to be one unified expiry day, whichever that may be.”

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