NSE Moves Derivatives Expiry to Tuesday Starting August 28, 2025

In a major market update, the National Stock Exchange (NSE) has revised the expiry schedule of key indices and stock derivatives. Effective August 28, 2025, all derivative contracts, including NIFTY, BANKNIFTY, and stock futures, will shift their expiry days from the traditional Thursday to Tuesday.

Change in Expiry Date for All Derivative Contracts

The NSE announced via a circular dated June 23, 2025, that from August 28, 2025, expiry days for stock and index derivatives will move to Tuesday. This adjustment affects NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, NIFTYNXT50, and all single-stock derivative contracts.

For NIFTY specifically, this means:

• Monthly, quarterly, and half-yearly contracts that used to expire on the last Thursday of the month will now expire on the last Tuesday.
• Weekly contracts that previously expired on Thursdays will now move to Tuesdays as well.

This change is expected to improve alignment with international market practices and reduce overlap with other key derivative expirations occurring globally.

Applicability and Transition Period

The new expiry schedule will be implemented after end-of-day (EOD) trading on August 28, 2025. From this date, all existing contracts will be revised to reflect the Tuesday expiry format, while any new contracts generated from August 29 onwards will follow the updated expiry logic.

The first trading session under the new system will take place on August 29, 2025. NSE has instructed all trading members to update and download revised contract files ahead of this date to avoid any disruptions.

Contracts and Instruments Affected

The expiry change is not limited to just index derivatives. The revision spans across a wide range of derivative instruments traded on the NSE:

• NIFTY: Monthly, weekly, quarterly, and half-yearly series
• BANKNIFTY: Weekly and monthly contracts
• FINNIFTY, MIDCPNIFTY, NIFTYNXT50: All expiry series
• Single-stock derivatives: Monthly contracts

This move marks a fundamental shift in how Indian traders and institutional participants plan their strategies around options and futures trading.

NSE Clarification on Holiday Adjustments

It is important to note that NSE has stated that in the event the new Tuesday expiry falls on a trading holiday, the expiry date will be adjusted accordingly. Adjustments will be communicated in advance, with clearing corporations expected to announce updates to the settlement schedule when necessary.

This ensures flexibility in the new system and maintains a predictable settlement cycle for all trading and clearing members.

Read More: SEBI Approves Tuesday Expiry for NSE, Thursday for BSE!

Conclusion

The NSE’s decision to revise the expiry day of all derivative contracts from Thursday to Tuesday, starting August 28, 2025, marks a significant development in the Indian derivatives landscape. Impacting NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, NIFTYNXT50, and stock derivatives, the change promises better synchronisation with global markets and reduced end-of-week pressure. With this advancement, traders now face a fundamental shift in planning expiry strategies and risk management procedures.

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