SEBI interchanges derivative expiry days of exchanges
Securities and Exchange Board of India (SIBII) have approved a change in weekly notice days for contracts derived from NSE and BSE to reduce market volatility. In effect from 1 July 2024, National Stock Exchange (NSE) will transfer its bank Nifty Weekly Expiry on Wednesday, while Bombay Stock Exchange (BSE) ends its Sensax Weekly Weekly options on Friday. At the moment, both stock exchanges have ended on Thursday, which often leads to high volatility and mediation opportunities. The purpose of SEBI is to create a more balanced trading environment and reduce sudden ups and downs by spreading the days ending throughout the week. The move is expected to increase market stability, allow better risk management for traders and encourage reasonable price. Marketing participants, including brokers and traders, have welcomed the decision, who are expected to have better liquidity and efficiency due to low crowds during the end of the end.
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