GulfHindi English Desk: National Stock Exchange (NSE) has announced changes in the expiry days for Nifty Bank options and Nifty Midcap Select Index futures and options. Starting from September 4, Nifty Bank weekly options will expire every Wednesday instead of Thursday. The expiry of Nifty Bank for the first week will be on September 6, instead of Wednesday. However, there will be no changes in the monthly and quarterly contracts for the banking index.
In the last hour of trading, the Indian stock market closed on Wednesday with a significant decline due to strong selling pressure. The Sensex closed at 65,393.90 points, down 223.95 points, while the Nifty closed at 19,384.30 points, down 55.10 points.
Investors trading on the NSE will now have less time to carry out their business activities. This change in expiry days for Nifty Bank options and Nifty Midcap Select Index futures and options will impact traders and investors who rely on these instruments for their trading strategies. It is important for investors to stay updated with these changes and adjust their trading plans accordingly.
The NSE has provided information stating that there will be no changes in the monthly and quarterly contracts for widely tracked banking indices, and they will continue to expire on the last Thursday of the expiry month.
en.gulfhindi.com News Summary
👉The National Stock Exchange (NSE) has announced changes in the expiry days for Nifty Bank options and Nifty Midcap Select Index futures and options.
👉Starting from September 4, the expiry of Nifty Bank weekly options will be on every Wednesday instead of Thursday.
👉The expiry of Nifty Bank for the first week will be on September 6.
👉The monthly and quarterly contracts for banking indices will remain unchanged and will expire on the last Thursday of the expiry month.
👉The Indian stock market witnessed a significant sell-off in the last hour of trading on Wednesday, with the Sensex closing at 65,393.90 points, down 223.95 points, and the Nifty closing at 19,384.30 points, down 55.10 points.
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