NSE Changes Derivatives Expiry Day to Tuesday Effective from September 2025
NSE revises equity derivatives expiry from Thursday to Tuesday starting September 2025, following SEBI’s approval for improved efficiency.
The National Stock Exchange of India Limited (NSE) has announced a significant change in the expiry day for equity derivatives contracts, following the approval from the Securities and Exchange Board of India (SEBI). According to the SEBI circular dated May 26, 2025, the expiry day for index and stock derivatives contracts will now be revised from Thursday to Tuesday. This change comes after NSE submitted its proposal to SEBI, which was subsequently evaluated and accepted.
As per the circular issued by NSE on June 17, 2025, the new expiry schedule will come into effect starting September 1, 2025. Derivative contracts that expire on or before August 31, 2025, will continue to follow the current Thursday expiry. However, contracts expiring on or after September 1, 2025, will now expire on Tuesdays. In particular, monthly derivative contracts will be scheduled to expire on the last Tuesday of the respective month starting from September.
For currently active contracts, there will be no change in the expiry schedule, thereby preserving consistency in ongoing trading. The only exception to this rule will apply to long-dated index options, where exchanges may realign the expiry dates based on previously followed practices. This is intended to facilitate a smooth transition and avoid any operational disruption for market participants.
DSIJ's 'Large Rhino' service recommends blue chip stocks of Large Cap companies that have leadership positions in their category. If this interests you, download the service details here.
NSE has assured that a separate and detailed circular will be issued soon to outline the operational guidelines needed for implementation. These instructions will help traders and market intermediaries adjust their processes in line with the revised expiry dates.
This adjustment in the expiry day is a notable shift in India’s derivatives trading framework and is expected to have implications for trading strategies, margin management, and settlement planning. Market participants are advised to prepare in advance for this transition to ensure continued efficiency and compliance.
Disclaimer: The article is for informational purposes only and not investment advice.