NSE gets SEBI nod for Tuesday weekly expiry, BSE gets Thursday: CNBC-TV18 newsbreak confirmed

The Stock Exchange (NSE) has received approval from capital markets regulator SEBI for Tuesday expiry, while the BSE has been allotted Thursday, sources have confirmed to CNBC-TV18.

"If you flip it around and say that NSE's expiry is now set to be on Tuesday, confirmed officially, it's a huge positive for NSE," said Sriram Krishnan, Chief Business Officer, NSE. "I think that's what the market ecosystem wanted, and we had received feedback supporting this in the past."

"We never changed our expiry day, although we had the chance to do so when the other exchange moved from Friday to Tuesday," he added. "We did not announce a change at that point. Initially, we considered Monday. However, given the consultation paper and the developments that followed, we opted for Tuesday, which was a fair suggestion and has now been approved."

The development follows a consultation process initiated in March this year, which aimed to streamline expiry schedules and reduce market volatility.

CNBC-TV18 had previously reported on May 22 that SEBI had proposed that all equity derivatives contracts be limited to expiries on either Tuesdays or Thursdays. This proposal was in response to concerns over excessive speculative trading on multiple expiry days throughout the week.