13-Jul-2023
2 mins read
The National Stock Exchange of India Limited (NSE) recently released a couple of significant circulars that have a direct impact on traders and investors dealing with BANKNIFTY and MIDCPNIFTY. As your trusted source for stock market news, we’ve condensed these updates to keep you ahead of the curve.
BANKNIFTY’s New Schedule
BANKNIFTY’s weekly index options expiry day is undergoing a shift from Thursday to Wednesday. The new schedule will kick off on September 04, 2023, with the first Wednesday expiry slated for September 06, 2023.
| Current Expiry Day | Revised Expiry Day | Effective From |
| Thursday | Wednesday | 4-Sep-23 |
MIDCPNIFTY: Tweaking the Timeline
On the other hand, MIDCPNIFTY’s expiry cycle for both weekly and monthly futures and options contracts is also changing.
| Contract Type | Current Expiry Day | Revised Expiry Day | Effective From |
| Weekly | Wednesday (excluding expiry week of monthly contract) | Monday (excluding expiry week of monthly contract) | 21-Aug-23 |
| Monthly | Last Wednesday of expiry month | Last Monday of the respective contract month | 21-Aug-23 |
These changes mean that weekly contracts will now expire on Monday, excluding the expiry week of the monthly contract. As for monthly contracts will expire on the last Monday of the respective contract month, shifting from the last Wednesday of the expiry month. The new timeline starts from August 21, 2023.