1. NSE’s Expiry Date Changes
The National Stock Exchange (NSE) has recently announced a significant alteration in the expiry day of the monthly and quarterly contract cycles of Nifty Bank (Bank Nifty), set to take effect from 01 March 2024. No need to go here and their, all is here about What Is Expiry Date In Indian Stock Market.
2. What Is Monthly Expiry Date In Indian Stock Market?
Under the revised structure, the expiry date for monthly agreements for Bank Nifty will shift to the last Wednesday of the expiry month. This means that all existing monthly contracts will now expire on the last Wednesday of the respective expiry month.
The article will delve into the implications of this change and how traders should adapt to the new monthly expiry date.
3. What Is Weekly Expiry Date In Indian Stock Market?
| Srl No. | Day | Contract Expired |
| 1 | Monday | Nifty Midcap Select weekly and monthly |
| 2 | Tuesday | Fin Nifty weekly and monthly |
| 3 | Wednesday | Bank Nifty weekly |
| 4 | Thursday | Nifty Weekly and Monthly and Bank Nifty Monthly |
| 5 | Friday | BSE’s SENSEX and BANKEX |
While there is a notable shift in the monthly expiry date, there has been no change in the expiry date of weekly contracts. Weekly contracts for Bank Nifty will continue to expire on Wednesdays of each week.
The article will explain this aspect and also cover the scenario where Wednesday is a holiday, and the previous day becomes the designated trading day.
You May Also Like: What is ATP in Stock Market-2024
4. Transition Day for Bank Nifty Contracts
Commencing from 01 March 2024, the trade day, the Bank Nifty Monthly and Quarterly Contract cycle expiry day will undergo a transition from Thursday to Wednesday. This transition day is crucial for traders to note, as it marks the beginning of the new expiry structure.
5. Uniformity in January and February 2024 Expiry Dates
More highlight that the January 2024 and February 2024 monthly expiry contracts share the same expiration date, emphasizing the uniformity in these initial months following the implementation of the new expiry day.
6. Adjusted Expiry Dates for Monthly Contracts
Details about the adjusted expiration dates for Monthly-Near Month, Monthly-Mid Month, and Monthly-Far Month contracts will be outlined. The Monthly-Near Month contract, originally set to expire on 28 March 2024, will now expire on 27 March 2024, demonstrating the specific changes in each category.
7. New Quarterly Expiry Date: What Is Expiry Date In Indian Stock Market
Exploring the change in the quarterly expiry date, the article will inform readers that the Quarterly contracts will now expire on 26 June 2024, deviating from the previous schedule of 27 June 2024. This section will provide insights into the reasons for the shift and its impact on traders.
You May Also Like: What Is ASM And GSM 6 Stages In Stock Market
8. Revised Expiry Dates for Quarter 2 and Quarter 3 Contracts
Contracts for Quarter 2 and Quarter 3, initially scheduled to expire on 26 September 2024 and 26 December 2024, respectively, will now have revised quarterly expiration dates of 25 September 2024 and 24 December 2024. The article will elaborate on the considerations behind these adjustments.
9. Consistency in Quarterly Expiry Date Updates
Underline the consistency in the quarterly expiration date changes, emphasizing the shift from the originally planned 27 June 2024 to the updated 26 June 2024. A similar pattern will be explored in Quarter 2 and Quarter 3 contract expiry dates.
10. NSE’s Circular and Handling Existing Contracts
NSE’s circular, informing readers that all existing contracts available for trading on 01 March 2024, will be moved to the expiry date before the end of the day on 29 February 2024. This is crucial information for traders to manage their existing positions effectively.
You can watch YouTube Video for details
Is trading on expiration date a good idea?
Purchasing options contracts on the day of expiration is known as an expiry day option purchasing strategy. It is a risky but potentially profitable tactic. It seeks to make money on the day of expiration by taking advantage of brief changes in the underlying asset’s price.2.
What does a stock’s expiration date mean?
Money Terms By: e. Date of expiration. the final day that an option may be exercised (if done American-style) or the sole day (if done European-style).
When does a monthly expiry occur?
At the moment, the final Thursday of the expiration month is regarded as the expiration day. The weekly contracts’ expiration date, however, won’t change. Every week on Wednesday, all contracts are set to expire.
Is it dangerous to trade on expiry day?
Volatility: Trading on expiry days can be somewhat erratic. Unexpected changes in price can bring about large profits or losses, so having a well-thought-out strategy and risk management plan is essential. Changes in the stock price: Accurately predicting short-term price fluctuations might be difficult.
Should we choose not to purchase options upon expiration?
Unlike stocks, an option contract has an expiration date. If you are unable to purchase, sell, or exercise your option prior to its expiration date, it will significantly lose value. At expiration, an option contract stops trading and becomes either exercised or worthless.
When stock options expire, may we purchase them?
Expiration, commonly referred to as the final day of validity, is the date on which your futures and options contracts stop being valid. There are several reasons why it is not permitted to purchase stock options as they are about to expire.
What day does the Nifty expire?
NSE states that monthly and quarterly contracts to Nifty Bank F&O expiry…
The stock market announced that as of trade date Friday, March 01, 2024, the Nifty Bank monthly and quarterly contract cycle expiry day will shift from its current Thursday to Wednesday. “There is no change in expiry date of monthly expiry contracts of January 2024 and February 2024,”
