NSE Revises Nifty Expiry Day

If you're trading Nifty derivatives, the current expiry day is Tuesday.

• Nifty weekly derivatives expire every Tuesday.
• Nifty monthly, quarterly, and half-yearly derivatives expire on the last Tuesday of their respective expiry months.
• Sensex derivatives listed on the BSE expire on Thursday.
• If the scheduled expiry falls on a trading holiday, the expiry is generally moved to the previous trading day.
• Always verify the latest expiry calendar published by the exchange before placing a trade, as expiry schedules may change through future regulatory or exchange notifications.

The Nifty expiry schedule has changed several times since 2025.

In March 2025, NSE proposed moving the expiry day for Nifty and several other derivative contracts from Thursday to Monday. However, before the change took effect, the proposal was deferred and never implemented.

Later, following a broader SEBI-led restructuring of India's derivatives market, NSE revised the expiry framework and moved Nifty derivative expiries to Tuesday. The revised schedule became effective in September 2025 and remains in force today.

At the same time, BSE shifted Sensex derivative expiries to Thursday, creating separate weekly expiry days across the two exchanges.

Timeline

As of July 2026, Tuesday is the official expiry day for Nifty derivative contracts on NSE.

Note: Bank Nifty weekly options were discontinued in November 2024. If the scheduled expiry falls on a trading holiday, contracts generally expire on the previous trading day.

The revised expiry schedule is part of a broader restructuring of India's derivatives market. Previously, several major index derivatives expired on Thursday, concentrating trading activity on a single day. This often resulted in higher volatility, larger trading volumes, and greater operational pressure during expiry.

To spread trading activity more evenly, SEBI directed stock exchanges to review their expiry schedules. Following this review:

• NSE moved Nifty derivative expiries to Tuesday.

• BSE moved Sensex derivative expiries to Thursday.

  
  

The revised framework aims to:

• Reduce concentration risk.
• Lower expiry-day volatility.
• Improve market efficiency by distributing settlement activity across different days.

The revised schedule changes how traders plan their futures and options strategies.

Weekly trading now revolves around Tuesday

Traders in Nifty weekly options should now align their trading, hedging, and expiry-day strategies with Tuesday rather than the earlier Thursday cycle.

Monthly rollovers happen on the last Tuesday

Monthly contracts for Nifty, Bank Nifty, FINNIFTY, MIDCPNIFTY, NIFTYNXT50, and eligible stock F&O contracts now expire on the last Tuesday of the month. Traders may need to adjust rollover and hedging plans accordingly.

Exchange-specific expiry days matter

NSE and BSE now follow different weekly expiry schedules.

Knowing the correct exchange-specific expiry day helps avoid trading errors.

Check the latest expiry calendar

Before placing any futures or options trade, verify the latest expiry calendar published by your broker or the relevant exchange, especially around holidays or regulatory updates.

If the scheduled expiry day is a trading holiday, the expiry is generally advanced to the previous trading day.

For example:

• If Tuesday is a trading holiday for NSE, Nifty derivative contracts usually expire on Monday.

• If Thursday is a trading holiday for BSE, Sensex derivative contracts generally expire on Wednesday.

  
  

Always refer to the latest exchange holiday calendar and official notifications for any holiday-related changes to expiry dates.

Nifty derivatives currently expire on Tuesday, while Sensex derivatives expire on Thursday. Although NSE proposed shifting Nifty expiries to Monday in 2025, that proposal was never implemented. Instead, a later SEBI-led restructuring introduced the current Tuesday expiry framework.

Before trading futures or options, always verify the latest expiry calendar published by NSE, BSE, or your broker, as expiry schedules may change through future exchange or regulatory announcements.

This article is based on publicly available exchange announcements and information available as of July 2026. Derivative expiry schedules are subject to change. Investors and traders should always refer to the latest official NSE and BSE notifications before making trading decisions.