NSE changes expiry day for equity derivatives contracts
[hfe_template id='11223']
[ad_1]
Mumbai: NSE unexpectedly changed the expiry day of its equity derivatives contracts to Monday from the long-established Thursday. A look at what could have prompted the country's largest exchange to alter them. Which are the contracts NSE has changed the expiry day? The exchange has changed the expiry day of all index and stock derivatives contracts from April 4. The monthly contracts of stock derivatives, Nifty, Bank Nifty, Fin Nifty, Midcap Nifty, and Nifty Next 50 contracts will expire on the last Monday of every month, while the weekly contracts of Nifty 50 would lapse on Monday every week. Why did the exchange change the expiry day? A senior NSE official said it was based on feedback from traders and investors across the region, including foreign investors. "We're also aware that some new exchanges are planning to enter the equity derivatives space, and we wanted to establish a unique expiry day for ourselves ahead of an...