Mumbai: Markets regulator SEBI’s recent order regarding weekly expiries of futures and options contracts has led to NSE switching from weekly to monthly expiries. This will apply to the Nifty Bank, Midcap and Financial Services indices. The Nifty50 is the only index offering weekly expiries.
The NSE will offer the last weekly expiries for the Bank, Midcap and Finser indices until November 2024. The changes in expiries are expected to affect NSE’s volumes since they account for 60 per cent of total volumes, with the Nifty Bank index alone contributing to 50 per cent of NSE option premium volumes, CNBCTV18 reported, citing an IIFL Securities note.
BSE weekly expiries
The BSE announced that it will discontinue the Sensex 50 and Bankex weekly expiries in November. However, the index operator is expected to benefit from the lower optiuons tariff in comparison with NSE options.
Stock exchange operator NSE announced the transition from weekly expiry to monthly expiry to company with markets regulator SEBI’s recent order. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
