Revised Expiry Schedule for Index Derivative Contracts

As part of various measures introduced by SEBI for strengthening the equity derivative framework, exchanges have recently introduced significant revisions in the expiry days for specific index derivative contracts, effective from end-of-day (EOD) January 1, 2025. These changes are part of regulators continuous efforts to streamline trading and settlement processes, reduce operational complexities, and enhance market efficiency.

Below is a detailed overview of the changes and their implications for market participants.

Revised Expiry Days for Index Derivatives

The expiry days for certain index derivative contracts have been modified as follows:

NSE contracts:

Please Note: The expiry schedule for NIFTY contracts (monthly, weekly, quarterly, and half-yearly) remains unchanged.

Rollover positions for NIFTY contracts are closed for the months of December – January and January- February.

BSE contracts:

Key Points to Note

1. Implementation Timeline

The changes will come into effect from January 1, 2025 (EOD). From this date, all existing contracts will adopt the new expiry schedule. Contracts created on or after this date will automatically follow the revised expiry day.

2. Availability of Updated Data

Revised expiry details for all existing index derivatives contracts will be available in the updated contract files generated at the end of January 1, 2025. These will apply to trading from January 2, 2025 onwards.

3. Operational Adjustments

The revised expiry schedule minimizes overlaps with other market events and holidays, reducing operational complexities for market participants.

The revised contract expiries which will be available for the below Index derivatives contracts on trading date of January 02,2025 are given below:

FOR NSE:

FOR BSE: