In a significant development, the National Stock Exchange (NSE) of India has announced that its Bank Futures and Options (F&O) contracts will now expire on Fridays, as opposed to the earlier practice of Thursday expiry. This change provides traders with an additional day for settling their contracts.
Big changes in NSE
This announcement was made by NSE on Tuesday, 6 June, and the change will take effect from 7 July. This essentially means that all contracts that were originally set to expire on a Thursday will now be moved to the subsequent Friday.
New rule for expiry.
According to the updated schedule, the first Friday expiry under the new rule will be on 14 July. This adjustment allows traders additional time to manage their positions and could potentially result in increased trading volumes on the NSE’s Bank F&O segment.