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- NSE Bank NIFTY Contract Expiry Date Changes Update | FINNIFTY Expiry Day
Mumbai11 hours ago
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The National Stock Exchange (NSE) has announced changes in the expiry days for some index derivative contracts. Bank Nifty’s weekly and quarterly contracts will now expire on the last Thursday instead of the last Wednesday of the month. Fin Nifty monthly contracts will now expire on the last Thursday of the month instead of the last Tuesday.
At the same time, the monthly contracts of Mid Nifty will now expire on the last Thursday of the month instead of the last Monday. With this, the monthly contracts of Nifty Next 50 will now expire on the last Thursday instead of the last Friday of the month. These changes will come into effect from January 1, 2025. However, there has been no change in the expiry days of Nifty’s monthly, weekly, quarterly and half-yearly contracts.
BSE Making changes in the expiry day of contracts
Earlier on Thursday, Bombay Stock Exchange (BSE) had announced changes in the expiry days of Sensex, Bankex and Sensex 50 index derivative contracts. Weekly Sensex derivative contracts will now expire on Tuesday of every week instead of Friday. The same change will take place in the monthly contracts for the benchmark index.
Bankex contracts in the monthly segment will now expire on the last Tuesday of the month instead of Monday. The contracts for Sensex 50 will expire on Tuesday instead of the last Thursday of the month. Apart from this, the expiry of quarterly and semi-annual contracts of Sensex will be on the last Tuesday of the month instead of Friday. These changes of BSE will also be implemented from January 1, 2025.
NSE has increased the lot size in F&O trading by 3 times.
Following the order of market regulator SEBI, the National Stock Exchange (NSE) has increased the lot size of all its five index derivative contracts. The lot size of Nifty 50 has been increased from 25 to 75, which is an increase of 3 times.
The lot size of Nifty Bank has been increased from 15 to 30. SEBI hopes that this step will reduce the participation of retail investors in F&O. The new lot sizes have come into effect from 20 November 2024.
The first contract will expire according to the new lot size on January 2.
Even though NSE has implemented the decision to change the lot size from November 20, but due to the contracts issued before this, the contract will take different time according to the new lot size. No contract will be able to expire as per the new lot size before January 2 next year.
What are futures and options?
Futures and Options (F&O) are a type of financial instruments that allow an investor to take large positions in stocks, commodities, currencies with less capital. Futures and options are a type of derivative contracts that have a fixed term.
Within this time frame, their prices change according to the stock price. Futures and options on each share are available in one lot size.
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