NSE shifts F&O contract expiry from Thursday to Monday starting April 4
All index and stock derivatives contracts will now expire on Monday instead of Thursday, as stated by the National Stock Exchange (NSE) on Tuesday. This change will take effect on April 4, 2025.
Previously expiring on Thursdays, Nifty weekly contracts will now expire on Mondays, the exchange announced in a circular. It will now be the last Monday of the expiry month instead of the last Thursday for Nifty monthly, quarterly, and half-yearly futures.
The updated expiration schedule will also apply to monthly and quarterly contracts for the Bank Nifty, as well as monthly contracts for the Fin Nifty, Midcap Nifty, and Nifty Next 50. Mondays will become the new expiration date for all stock derivatives.
The exchange stated that following the conclusion of trading on April 3, 2025, all current contracts will be modified to reflect the new expiration day. Subsequent contracts will adhere to the updated timeline.
"The circular shall come into effect from April 04, 2025, i.e. Expiry day for all existing contracts will be revised to" New Expiry Day "on April 03, 2025 (EOD)," the NSE stated.
The expiration dates of March 6, March 13, March 20, and April 3 for Nifty weekly contracts will not change. Due to the fact that April 10 is a holiday, the contract that was originally scheduled to end on a Wednesday, April 9, will instead expire on Friday, April 11. The April 30 contract will now expire on Monday, May 5, rather than May 1, which is also a holiday.
In terms of monthly contracts, the far-month May expiry will move from May 29 (Thursday) to May 26 (Monday), and the mid-month April expiry will move from April 24 (Thursday) to April 28 (Monday). The June, September, and December expirations of quarterly contracts will now fall on the final Monday of the corresponding month, continuing the updated trend.
Details on the settlement timeline will be notified separately by the clearing firms, the NSE stressed, and there will be no additional changes to the contract specifications.
The circular further stated that before the revised schedule takes effect, members are encouraged to update their trading systems appropriately.
