• Source:JND
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BSE Share Price: BSE shares plunged over 9 per cent on Wednesday after its rival NSE said that all weekly derivative contracts of the Nifty index will expire on Monday instead of Thursday from April 4. BSE shares on the National Stock Exchange (NSE) fell 9.39 per cent to Rs 4,035.10. Later, it recovered some of its losses and was trading 5.67 per cent lower at Rs 4,201 per share. The broader market was trading in the green zone, with both NSE's Nifty and BSE's Sensex zoomed nearly 1%.

On Tuesday, the NSE said that all weekly derivative contracts of the Nifty index will expire on Monday instead of Thursday from April 4.

The exchange said in a circular that the expiry date of Nifty Weekly Futures and Options (F&O) contracts will be shifted from Thursday to Monday of the week of expiry, while the expiry date of Nifty Monthly, Quarterly and Half-Yearly contracts will be shifted from the last Thursday of the month of expiry to the last Monday of the month of expiry.

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In addition, the exchange has shifted the F&O expiry date for Bank Nifty, FinNifty, Nifty Midcap Select and Nifty Next 50 from April 4 to the last Monday of the month of expiry.

This circular will come into effect from April 4, 2025, i.e., the expiry date of all existing contracts will be revised to ‘new expiry day’ of April 3, 2025 (EOD), the exchange said in a circular.

Derivatives in financial markets typically refer to a fixed-term forward, futures, option, or other hybrid contract that is linked to the price of a specified real or financial asset or security index to fulfill the contract.

Broadly speaking, there are two types of derivative contracts - futures and options. A futures contract is a legally binding agreement to buy or sell an underlying security at a future date, while an options contract gives the buyer or holder of the contract the right (but not the obligation) to buy or sell the underlying asset at a predetermined price within a specified period of time or at the end of the contract.

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(With Inputs From PTI)