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
Economic Times
an hour ago
- Economic Times
IPO watch: Which Indian startups are next to hit the stock market?
The last few months have seen a surge in startups and new-age internet firms preparing for initial public offerings (IPOs), with some already filing their draft papers and others nearing completion of the process. Wakefit, a mattress and furniture maker, and Pine Labs, a merchant payments company, are the latest in the series of firms to file their IPO papers. The companies poised to enter the stock market belong to a wide range of sectors, from fintech to consumer goods and logistics. Here's a list of the companies in the run and their IPO plans: Companies that have filed IPO papers Wakefit: The company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), aiming to raise Rs 468 crore through a fresh issue. The funds will be used to open 118 new retail outlets and upgrade existing ones. The IPO also includes an offer-for-sale (OFS) component. Groww: This online investment platform has filed its DRHP confidentially. The IPO is estimated to be worth $700 million to $1 billion, and the shares will be listed on the NSE and BSE. Pine Labs: The Noida-based payments company is looking to raise Rs 2,600 crore through a fresh issue and an OFS of up to 147.8 million shares. It is backed by major investors like Mastercard, PayPal, and Temasek and is targeting a valuation of $4–$5 billion. Also Read: Decoding Pine Labs' DRHP: Fintech aims to raise Rs 2,600 crore via an IPO Shiprocket: Backed by Zomato and Temasek, this ecommerce enablement platform filed its IPO papers confidentially in May. It aims to raise Rs 2,000–2,500 crore, including a fresh issue of Rs 1,000–1,100 crore. Urban Company: The at-home services platform filed its DRHP in April for a Rs 1,900 crore IPO. This includes a Rs 429 crore fresh issue and a Rs 1,471 crore OFS by investors like Accel and Tiger Global. Boat: The parent company, Imagine Marketing, filed confidential IPO papers earlier this year. The company, however, said that this doesn't necessarily mean that it will launch the IPO. Boat is likely targeting a valuation exceeding $1.5 billion, which may change closer to the IPO filing date. Capillary Technologies: The customer engagement and loyalty provider filed for an IPO, including a Rs 430 crore fresh issue and an OFS of 18.3 million shares. This marks its second attempt at going public after shelving plans in 2021. Companies preparing to file IPO papers Meesho : The ecommerce platform has received shareholder approval to raise Rs 4,250 crore (about $500 million) through a fresh issue. Having recently shifted its domicile back to India, it is expected to file its DRHP in the next few weeks. Lenskart: Back in February, ET reported that the eyewear brand is planning a $1 billion IPO, with a target valuation of around $10 billion. The SoftBank-backed company has already converted into a public limited entity. Shadowfax: ET reported on Friday that this logistics startup plans to file its DRHP confidentially within a month. The IPO is expected to raise Rs 2,000–2,500 crore, with around half as a fresh issue. Zetwerk: The manufacturing unicorn plans to go public within the next 12 to 24 months and will start preparations for its listing in the ongoing fiscal year, founder and chief executive Amrit Acharya told its employees in April. PhonePe: The digital payments giant is aiming for a $1.5 billion IPO later this year, with plans to file its DRHP by August. The expected valuation is around $15 billion, up from $12 billion in 2023.
NDTV
an hour ago
- NDTV
July 7 Public Holiday: Muharram Observance May Affect Schools, Markets, Banks, And Exchanges
Muharram, marking the beginning of the Islamic New Year, is expected to be observed in India on either July 6 or 7, 2025, depending on the moon sighting. While the official date is currently listed as July 6, it may shift to July 7 if the moon is not sighted in time. Closures on Muharram Observance On the day of observance, schools, colleges, government offices, post offices, and many private offices across India will remain closed. The public holiday applies to most regions of the country and is recognized as a day of national significance. Banks and financial institutions will also shut operations on the day of Muharram, affecting public banking services. Citizens are advised to complete essential transactions ahead of time. Stock Markets and Commodity Exchanges Closed Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will remain closed for trading on Muharram. The suspension will affect all segments, including equity, equity derivatives, SLB (Securities Lending and Borrowing), currency derivatives, and interest rate derivatives. The Multi Commodity Exchange (MCX) will remain shut during the morning session on the day of Muharram. However, trading will resume in the evening session from 5:00 PM to 11:30/11:55 PM. Significance of Muharram in Islam Muharram is one of the four sacred months in the Islamic calendar. The 10th day, known as Ashura, is particularly significant for Shia Muslims, who mourn the martyrdom of Imam Hussein ibn Ali, the grandson of Prophet Muhammad, at the Battle of Karbala in 680 AD.
Hans India
an hour ago
- Hans India
Benchmarks extend rally for 4th session; FIIs drive gains
Mumbai:Equity benchmark indices Sensex and Nifty advanced for the fourth straight session on Friday, supported by buying in blue-chips ICICI Bank and Reliance Industries amid fresh foreign fund inflows. A strengthening rupee against the US dollar and softening crude oil prices in international markets also boosted investor confidence, according to traders. The BSE Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settle at 84,058.90. During the day, it jumped 333.48 points or 0.39 per cent to 84,089.35. As many as 2,251 advanced, while 1,760 declined and 154 remained unchanged on the BSE. On the similar lines, the 50-share NSE Nifty rose 88.80 points or 0.35 per cent to 25,637.80. On the weekly front, the BSE benchmark surged 1,650.73 points or 2 per cent, and the Nifty climbed 525.4 points or 2 per cent. 'Benchmark indices Nifty and Sensex closed on a firm footing on Friday, capping off the week with robust gains. The rally was underpinned by de-escalation in geopolitical tensions post the Israel-Iran ceasefire and growing optimism surrounding a prospective US-India trade pact, which acted as key macro tailwinds. On a weekly basis, both frontline indices logged gains of 2 per cent,' according to Bajaj Broking market commentary. From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Hindustan Unilever, Bharat Electronics and Sun Pharma were among the major gainers.
