NSE will be making the following revisions to derivative contracts of FINNIFTY (Nifty Financial Services Index).
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NSE will be discontinuing trading in Weekly Index Futures contracts of FINNIFTY. There will be no new Weekly Index Futures contracts introduced after October 14 expiry, contracts issued until then will be available for trading.
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Weekly Index Options of FINNIFTY will continue to be available for trading.
Change in expiry day of derivative contracts on FINNIFTY:
| Expiry Day | Current Expiry | Revised Expiry Day |
|---|---|---|
| Weekly Contracts | Thursday of every week | All existing weekly contracts will expire on Tuesday of every week. If Tuesday is a trading holiday, contracts will expire on the previous trading day. |
| Monthly Contracts | Last Thursday of the expiry month | All monthly expiry contracts will expire on the last Tuesday of each month. If Tuesday is a trading holiday, contracts will expire on the previous trading day. |
How does this work?
At end of the day on October 14, 2021, the expiry date of all existing contracts will be revised to Tuesday as mentioned above. For example, the existing F&O contract expiring on October 21, 2021 (Thursday) will be revised to October 19, 2021 (Tuesday).
All the contracts introduced for trading on or after October 14, 2021, will be created as per the expiry days mentioned above.
Does this affect my open positions?
No, this does not have any effect on the open positions you hold. The change is only in the expiry day of the contract. All other contract specifications remain the same.
The above changes come into effect from October 14, 2021 (end of the day), and revised contracts will be available for trading from October 18 onwards (as October 15th is a trading holiday on account of Dussehra). You can check the announcement from the exchange here.
Revised expiry dates for FINNIFTY F&O contracts:
| Sr. No | Current Expiry date | Revised Expiry date |
|---|---|---|
| 1 | 21-Oct-21 | 19-Oct-21 |
| 2 | 28-Oct-21 | 26-Oct-21 |
| 3 | 03-Nov-21 | 02-Nov-21 |
| 4 | 11-Nov-21 | 09-Nov-21 |
| 5 | 18-Nov-21 | 16-Nov-21 |
| 6 | 25-Nov-21 | 23-Nov-21 |
| 7 | 02-Dec-21 | 30-Nov-21 |
| 8 | 09-Dec-21 | 07-Dec-21 |
| 9 | 30-Dec-21 | 28-Dec-21 |