Expiry for Nifty, Bank Nifty & Sensex
India's index derivatives each follow specific expiry conventions — and those rules have been revised repeatedly. These pages explain how Nifty, Bank Nifty, FinNifty and Sensex expiry works today, and the NSE and BSE settlement processes behind them, written so they are easy to update when the exchanges change the rules again.
Nifty & Index Expiry: As of the current exchange conventions (verify on NSE/BSE, as these have changed), all NSE derivatives — including Nifty — expire on Tuesday, and all BSE derivatives — including Sensex — expire on Thursday. Nifty (NSE) and Sensex (BSE) have weekly expiries; Bank Nifty and FinNifty have monthly-only expiry on the last Tuesday. All index options are cash-settled.
Nifty Weekly Expiry
NiftyNifty weekly expiry is the short-dated Nifty 50 options contract that expires every week — currently every Tuesday on NSE — and is the most actively …
Nifty Monthly Expiry
NiftyNifty monthly expiry is the once-a-month Nifty 50 options and futures contract, currently expiring on the last Tuesday of the month on NSE, and it se…
Bank Nifty Expiry
NiftyBank Nifty expiry is the settlement of the Bank Nifty (Nifty Bank) index derivatives contract, which since November 2024 is available only as a month…
FinNifty Expiry
NiftyFinNifty expiry is the settlement of the Nifty Financial Services (FinNifty) index contract, which since November 2024 trades only as a monthly contr…
Sensex Options Expiry
NiftySensex options expiry is the settlement of BSE's flagship index contract, currently on Thursday for both the weekly and the last-Thursday-of-the-mont…
NSE Settlement Process
NiftyThe NSE settlement process is the end-to-end mechanism by which NSE Clearing Corporation computes daily mark-to-market on futures and, at expiry, the…
BSE Settlement Process
NiftyThe BSE settlement process is the mechanism by which the Indian Clearing Corporation (ICCL) computes the final settlement price and guarantees cash s…