Sebi approves NSE's expiry day change to Tuesday, BSE to Thursday
Sebi has approved NSE's proposal to shift its weekly expiry day for equity derivatives from Thursday to Tuesday. To avoid simultaneous expiries, BSE Sensex expiry will move to Thursday, effective September 1, 2025. This decision, prompted by a Sebi circular, aims to reduce market volatility and standardize expiry days across exchanges, following consultations and recommendations from the SMAC.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
The Securities and Exchange Board of India Sebi ) on Tuesday approved the National Stock Exchange 's (NSE) proposal to change its weekly expiry day from Thursday to Tuesday. Meanwhile, the regulator moved the expiry day for the BSE Sensex to Thursday from the current Tuesday, to comply with the mandate that both exchanges cannot have expiries on the same dayBSE's change in expiry day will come into effect as of September 1, 2025. The exchange will not introduce any fresh weekly contracts on index futures from July 1, 2025.BSE will keep the expiry day of derivatives contracts unchanged for already introduced contracts, except for long-dated index options contracts, for which the stock exchanges to suitably realign the expiry day as per the practice followed in the past.For new contracts, it will continue with the present expiry day for derivative contracts which expire on or before August 31, 2025.The decision follows a circular issued by the capital markets regulator in the last week of May, which instructed exchanges to select either Tuesday or Thursday as the expiry day for equity derivatives.The directive is aimed at reducing expiry-day volatility and bringing uniformity across exchanges.Before the May circular, the exchanges had the freedom to set expiry days for their derivatives products, which had led to a spread of expiry days throughout the week.Following consultations and feedback from a March 2025 discussion paper, Sebi's Secondary Market Advisory Committee (SMAC) deliberated on the matter and recommended limiting expiry options to reduce market hyperactivity.Under that circular, Sebi said that each exchange can continue to offer one weekly benchmark index options contract on their chosen day. For all other derivatives, such as benchmark index futures, non-benchmark index options, and single stock contracts, the minimum contract tenor will now be one month, and they must expire on the last Tuesday or last Thursday of the month, depending on the exchange's selection.NSE, through its March 4, 2025, circular, had planned to move F&O expiry days for Nifty, Bank Nifty, FinNifty, Nifty Next50 and Nifty Midcap Select to Monday from the current Thursday expiry day. Following the circular, NSE deferred the implementation of futures & options (F&O) expiry for Monday that was due to take effect from Tuesday, April 4.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
3 hours ago
- Business Standard
CAPE fear: History suggests rich valuations precede sharp pullbacks
Valuations at current levels have historically corresponded single-digit returns premium Sachin P Mampatta Mumbai Listen to This Article Notwithstanding indices being lower than the all-time high levels touched nine months ago, the stock market has rarely been as expensive as it is now on one particular metric. The 10-year cyclically adjusted price-to-earnings (CAPE) ratio for the BSE Sensex is at 35.2x, according to data based on a study, Forecast or Fallacy? Shiller's CAPE: Market and Style Factor Forward Returns in Indian Equities, authored originally in July 2024 by Joshy Jacob, professor at the Indian Institute of Management, Ahmedabad, and Rajan Raju, director at Singapore-based family office Invespar. The numbers are updated monthly. The latest valuations for May 2025
Time of India
4 hours ago
- Time of India
Stricter regulations lead to drop in derivatives participation: NSE chief
Ahmedabad: With stricter regulations in place, there has been a significant drop in participation in the derivatives segment, said Ashish Chauhan, MD & CEO of the National Stock Exchange (NSE), on Friday. Chauhan was in the city to launch a book based on his life. He also participated in a discussion on Indian financial markets with international tax expert Mukesh Patel. Speaking to the media, Chauhan said, "SEBI increased lot sizes and margin requirements for trading in derivatives to ensure that small investors do not lose money. In June last year, around 55 lakh investors traded in derivatives at least once. That number has now come down to about 30 lakh." He also stated that NSE International Exchange at GIFT City has signed an agreement with the Cyprus Stock Exchange for dual listing and joint product development.
&w=3840&q=100)
Business Standard
4 hours ago
- Business Standard
Vanguard group buys 1.1% stake in Vishal Mega Mart for Rs 655 crore
US-based Vanguard Group on Friday bought a 1.1 per cent stake in supermarket chain Vishal Mega Mart for Rs 655 crore through open market transactions. Following the stake buy, shares of Vishal Mega Mart rose 2.12 per cent to close at Rs 128.80 apiece on the National Stock Exchange (NSE). Investment management company Vanguard Group, through its affiliates, purchased more than 5.04 crore equity shares in two tranches, representing a 1.1 per cent stake in Gurugram-based Vishal Mega Mart, as per bulk deal data on the NSE. The shares were acquired at an average price of Rs 129.74 apiece, taking the combined deal value to Rs 655.16 crore. Details of the sellers of Vishal Mega Mart's shares could not be ascertained on the NSE. On Tuesday, Samayat Services LLP, one of the promoter entities of Vishal Mega Mart, divested a 19.6 per cent stake in the company for Rs 10,220.40 crore. Samayat Services LLP is a special-purpose vehicle owned by private equity firm Kedaara Capital and Switzerland-based Partners Group. In a separate bulk deal on the NSE, Mumbai-based Hill Fort Capital divested nearly a 1 per cent stake in Westlife Foodworld, owner-operator of McDonald's restaurants across West and South India, for Rs 104 crore through an open market transaction. As per the data, Hill Fort Capital through its arm Hill Fort India Fund LP sold 15 lakh shares of Westlife Foodworld at an average price of Rs 696.55 per share. This took the deal value to Rs 104.54 crore. Meanwhile, HDFC Mutual Fund bought 14.30 lakh shares or 0.92 per cent stake in Westlife Foodworld for Rs 99.65 crore. Details of the other buyers of Westlife Foodworld's shares could not be identified on the exchange. On Friday, the scrip of Westlife Foodworld went up 0.54 per cent to settle at Rs 700 apiece on the NSE. In another transaction on the NSE, Franklin Templeton Mutual Fund purchased 20.37 lakh shares or 0.66 per cent stake in India Cements, an UltraTech Cement company, for Rs 63.19 crore. According to the data, the shares were acquired at an average price of Rs 310.17 apiece. Details of the sellers of the India Cements' shares could not be ascertained on the bourse. The scrip of the India Cements dipped 2.38 per cent to end at Rs 312 apiece on the NSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
