The Nationwide Inventory Alternate (NSE) on Tuesday determined to alter the expiry of all contracts to Monday from Thursday in its fairness derivatives phase from April 4.
In a round, the premier F&O bourse mentioned, Nifty weekly contracts, Nifty month-to-month, quarterly and half-yearly contracts, Financial institution Nifty month-to-month and quarterly contracts and Fin Nifty, MidCap Nifty and Nifty Subsequent 50 month-to-month contracts can be expired on Monday. All single inventory futures may even expire on Monday, the round added.
Revised expiry date of all current derivatives contracts can be out there within the contract file generated on April 3 to keep away from operational complexities, NSE mentioned.
Settlement schedule
“There is no such thing as a different change within the contract specs of index and inventory derivatives,” NSE mentioned, The settlement schedule can be intimated individually by Clearing Companies.
It might be recalled that NSE had revised the expiry dates to Thursday for index by-product contracts, efficient January 1, 2025 after the BSE made an analogous change to its by-product contracts’ expiry dates to Tuesday from January 1.
In accordance with NSE newest market pulse, the change commandes 99.9 per cent market share in fairness futures and 85.1 per cent in fairness choices.
Final week, the SEBI proposed to switch the present notional phrases method for computing open curiosity (OI) in fairness derivatives, with a future-equivalent or delta-based method — aimed toward curbing volatility within the derivatives phase. Earlier, SEBI had requested exchanges to commerce solely in a single index weekly sequence and elevated the contract dimension to ₹15 lakh from ₹5-10 lakh.
SEBI’s measures had been aimed toward curbing the exuberance in derivatives buying and selling due to the heavy losses incurred by particular person buyers.
Already, buying and selling exercise throughout the business has been subdued each in money and choices volumes attributable to SEBI measures and steep ongoing correction.
