IANS mumbai

The National Stock Exchange (NSE) announced on Tuesday that it has shifted the expiry days for the futures and options (F&O) of Bank Nifty, Fin Nifty, Nifty Midcap Select, and Nifty Next50 to the last Monday of the expiry month.

According to an official NSE circular, the changes will take effect from April 3. Currently, the expiry day is the last Thursday of the specific month. "Last Thursday of the expiry month. If the last Thursday is a trading holiday, then the expiry day is the previous trading day," the circular said. It further stated that the new serial weekly options contract shall be introduced after expiry of the respective week's contract.

Additionally, the exchange has shifted the expiry days for Nifty's monthly, quarterly, and half-yearly contracts from Thursday to Monday. The NSE has also moved the expiry days for Nifty weekly contracts from Thursday to Monday. As per experts, the Indian exchange has taken this decision to safeguard investors' money.