19 June 2025
After a fresh approval from market regulator Securities and Exchange Board of India, the Metropolitan Stock Exchange of India is likely to use Tuesday as its expiry day, people in the know told NDTV Profit. The development comes along with new expiry days for the other two bourses as well.
As reported previously by NDTV Profit, BSE is slated to use Thursday as its expiry day, whereas, NSE is going to be using Tuesday.
In the last meeting of the SEBI-constituted committee on derivatives market reform, the Metropolitan Stock Exchange and the National Commodity and Derivatives Exchange voiced dissent against the proposal to restrict weekly derivative contract expiries to two days, Profit had reported. Since then, people in the know mentioned that NCDEX has decided to sit out the race for an expiry day.
The decision comes after SEBI released a consultation paper in March and discussed the feedback with its Secondary Market Advisory Committee.
This marks a shift from the current system, where exchanges were free to choose their own expiry days. SEBI believes this change will help reduce concentration risks and avoid the possibility of trading spikes around multiple expiry dates. It also wants to prevent a return to the kind of excessive expiry-day activity that could hurt investors or destabilise the market.
All other equity derivatives, including single stock futures and options, non-benchmark indices, and benchmark index futures, must now have at least a one-month duration. These will all expire in the last week of each month, again on the exchange's chosen day.

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