Contract Specifications

Nifty 50 Index Futures, Nifty Bank Index Futures, Nifty Financial Services Index, Nifty Midcap Select Index and Nifty Next 50 Index will have 3 consecutive months trading cycle – Near-Month, Mid-Month and Far-Month.

Nifty 50 Index, Nifty Bank Index, Nifty Financial Services Index and Nifty Midcap Select Index will have 4 weekly expiration contracts (excluding monthly contracts) and 3 monthly expiration contracts.

Nifty Next 50 Index will have 3 monthly expiration contracts

Additionally Nifty 50 Index options and Nifty Bank Index options will have Three quarterly expiries (March, June, Sept & Dec cycle).

Nifty 50 index will also have long term index option contracts i.e. next 8 half yearly expiries (Jun, Dec cycle) after the three quarterly expires will be provided.

• For Nifty 50 Index : Last Thursday of the expiry period. If the last Thursday is a trading holiday, then the expiry day is the previous trading day.
• For Nifty Bank Index : Last Wednesday of the expiry period. If the last Wednesday is a trading holiday, then the expiry day is the previous trading day.
• For Nifty Financial Services Index : Last Tuesday of the expiry period. If the last Tuesday is a trading holiday, then the expiry day is the previous trading day.
• For Nifty Midcap Select Index : Last Monday of the expiry period. If the last Monday is a trading holiday, then the expiry day is the previous trading day.
• For Nifty Next 50 Index : Last Friday of the expiry period. If the last Friday is a trading holiday, then the expiry day is the previous trading day.
• For Individual Securities: Last Thursday of the expiry period. If the last Thursday is a trading holiday, then the expiry day is the previous trading day.