Revision in Expiry Day of NIFTY BANK Monthly and Quarterly Contract Cycle2 min read
Effective March 1st, 2024, the National Stock Exchange is updating the monthly and quarterly expiry day for Bank NIFTY contracts to the last Wednesday of the month. This strategic shift is crafted to align seamlessly with dynamic market trends, aiming to elevate and streamline your trading experience.
Announcement
On December 28, 2023, the NSE shared a circular stating a change in the monthly, and quarterly contract expiry day of BANK NIFTY, from Thursday to Wednesday. The key takeaways for traders from the circular include:
- Effective March 1st, 2024, the exchange is shifting the monthly and quarterly expiry day for Bank NIFTY F&O contracts from Thursday to Wednesday.
- The first WEDNESDAY monthly expiry will be on March 27, 2024.
- The expiry day of all existing contracts available for trading on March 01, 2024, will be preponed from February 29, 2024 end of the day.
- If Wednesday is a trading holiday, then the expiry day is the previous trading day.
- The new far monthly expiry cycle of May 2024 will be introduced with expiry day of May 29, 2024. (The last Wednesday of the expiry month)
- Weekly expiry will continue to be on Wednesdays as per the last change here: https://www.paytmmoney.com/blog/revision-weekly-expiry-day-bank-nifty-options/
Here is a quick glance again at the key changes:
Also for reference, the contract expiries which will be available in BANKNIFTY contracts on the trading date of March 1, 2024, are given below:
For more details please refer the circular here: https://nsearchives.nseindia.com/content/circulars/FAOP60011.pdf
Disclaimer: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. The securities are quoted as an example and not as a recommendation. This content is purely for information purpose only and in no way to be considered as an advice or recommendation. Paytm Money Ltd SEBI Reg No. Broking – INZ000240532, Depository Participant – IN – DP – 416 – 2019, Depository Participant Number: CDSL – 12088800, NSE (90165), BSE (6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. For visit: https://www.paytmmoney.com
