NSE Gets an Edge as Weekly Options to Expire on Tuesday

The National Stock Exchange is set to shift its weekly expiry for Nifty options from Thursday to Tuesday after getting the regulatory approval, giving it an opportunity to claw back share lost to rival BSE Ltd.

- Neha Joshi & Ram Sahgal

MUMBAI:

BSE, which had moved its Sensex options expiry to Tuesday from Friday earlier this year, has opted to shift it to Thursday, the exchange said in a notice citing communication with the Securities and Exchange Board of India (Sebi). Sebi's May 26 circular requires exchanges to designate a single expiry day—either Tuesday or Thursday—for all equity derivatives, including weekly, monthly, quarterly and semi-annual expiries.

NSE submitted a request to move its Nifty weekly options expiry to Tuesday. Sebi has communicated its approval via email, which NSE confirmed.

NSE and BSE have outlined a phased transition.