Discontinuation of weekly Derivatives contracts on BANKNIFTY, MIDCPNIFTY and FINNIFTY index 

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All Members, 

Discontinuation of weekly Derivatives contracts on BANKNIFTY, MIDCPNIFTY and FINNIFTY index.

This is in continuation to SEBI circular reference no. SEBI/HO/MRD/TPD-1/P/CIR/2024/132 and Exchange circular download ref no: NSE/FAOP/64314 dated October 01, 2024, on measures to strengthen equity index derivatives framework for increased investor protection and market stability. 

As mentioned in the SEBI circular, each Exchange may provide derivatives contracts for only one of its benchmark index with weekly expiry and shall be effective from November 20, 2024., i.e. from this date weekly derivatives contracts would only be available on one benchmark index for each Exchange. 

Accordingly, Exchange will continue to make weekly index options available only on the Nifty 50 Index (NIFTY).

Further weekly index option contracts shall be discontinued in the below mentioned 3 indices. The last trading date and the last weekly index option expiry available for these indices shall be as follows: 

No new weekly index option contracts will be generated with expiry date beyond the last expiry date for the respective index as mentioned above.