NSE seeks Sebi nod to move weekly index expiry from Thursday to Tuesday

NSE proposes shifting weekly index derivative expiry to Tuesday from Thursday as Sebi moves to standardise expiries and curb volatility

The National Stock Exchange (NSE) has requested the market regulator Securities and Exchange Board of India (Sebi) to switch the weekly expiry day of its index derivative contracts to Tuesday from Thursday, said sources.

 

The exchange had earlier shelved its plan to move expiries to Monday after a proposal by Sebi to limit expiries to just two days in the week — Tuesdays and Thursdays. The market regulator will soon issue the final circular on the same, Sebi chairman Tuhin Kanta Pandey said at the sidelines of an event by industry body Assocham in New Delhi.

 

Earlier this month, Sebi’s