Effective 7 July, the new expiry date will be shifted from Thursday to Friday. However, the NSE will continue to maintain the Thursday expiry date for its weekly and monthly Nifty derivatives. The move by NSE comes after BSE recently altered the expiry day of its weekly Sensex and Bankex derivatives contracts from Thursday to Friday, in an effort to attract more trading volumes. BSE’s strategic move is presumed to be the idea of its new managing director and chief executive officer Sundararaman Ramamurthy, who had taken charge in January.
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