Derivatives contracts to expire on Tuesdays or Thursdays

Circulars
1

Based on feedback received following SEBI’s consultation paper issued in March, SEBI has now released a circular finalizing that stock exchanges can set their weekly expiry days only on either Tuesday or Thursday.

Here are the key highlights of the circular:

  • SEBI has finalized rules to streamline the expiry (settlement) days of equity derivatives to improve market stability and protect investors.
  • All stock exchanges can now set expiries only on Tuesday or Thursday—no other days allowed.
  • Each exchange can continue offering one weekly benchmark index options contract on their selected expiry day.

All other equity derivatives (like futures, non-benchmark index options/futures, and single stock options/futures) must:

  • Have at least a 1-month duration.
  • Expire in the last week of the month, on the chosen expiry day (last Tuesday or Thursday).
  • Exchanges must now take prior SEBI approval if they wish to change their current expiry day.
  • Exchanges must send their compliance proposals to SEBI by June 15, 2025.

Link to the full SEBI circular:

2 Likes
2

My oh my… now NSE will choose Tuesdays and BSE will grudgingly have to choose Thursdays, as it will be anyway better than to have a clashing Tuesday where BSE volumes would be just wiped out.

3

Has SEBI given NSE the upper hand to choose @Meher_Smaran , link shared is not opening

4

I personally don’t think so. We will have to wait and watch till June month end probably.