By Vineet Kumar 
NSE Changes F&O Expiry to Monday from April 4: Big Shift for Traders
The National Stock Exchange (NSE) has announced a major change in the expiry schedule of futures and options (F&O) contracts. Starting April 4, 2025, all Nifty index weekly F&O contracts will expire on Monday instead of Thursday. This move impacts multiple indices, including Nifty, Bank Nifty, FinNifty, Nifty Midcap Select, and Nifty Next50.
Key Changes in NSE F&O Expiry
All Nifty F&O contracts will now expire on the last Monday of the expiry month instead of Thursday.
Expiry of Bank Nifty, FinNifty, Nifty Midcap Select, and Nifty Next50 has also been moved to Monday.
Stock F&O contracts will now expire on the last Monday of the month.
If Monday is a trading holiday, expiry will be shifted to the previous trading session. For example, with April 14, 2025, being a stock market holiday, expiry will be on April 11, 2025.
This change will take effect from April 4, 2025. The expiry dates for all existing contracts will be revised accordingly on April 3, 2025 (EOD).
Why This Change Matters?
This shift in expiry aligns NSE’s strategy with global markets, reduces volatility due to weekly expiries clashing with major economic events, and may impact trading volumes.
Impact on F&O Traders
Derivatives trading remains a high-risk, high-reward game. According to a SEBI analysis (Sept 2024), over the past three years (FY22-FY24):
93% of retail traders incurred losses, with an average loss of ₹2 lakh per trader.
Top 3.5% of loss-makers (4 lakh traders) suffered an average loss of ₹28 lakh each.
Only 1% of traders made profits exceeding ₹1 lakh, after transaction costs.
Given this data, traders must adapt their strategies to the new expiry schedule to manage risk effectively.
Final Thoughts
With NSE’s decision to shift F&O expiries to Monday, traders must rework their strategies, manage open positions carefully, and adapt to the new settlement cycle. This change is expected to reduce weekly volatility and align with international markets, making it an essential update for both retail and institutional investors.
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