Trading of new contracts for S&P BSE Bankex with Monday expiry will commence on October 16, 2023, following their generation on October 13, 2023, at the end of the day.
On August 30, the Bombay Stock Exchange declared that commencing October 16, the expiry day for S&P BSE Bankex derivatives contracts would transition to Monday, according to the circular. Sensex derivative contracts will retain their existing Friday expiry, while the exchange will generate new Bankex contracts with a Monday expiry on October 13, 2023; these Bankex contracts will subsequently become tradable starting from October 16, 2023.
The exchange clarified that if the expiry day coincides with a trading holiday, it will be moved to the preceding trading day; this adjustment was made in response to input from a diverse range of market participants, leading to the decision to change the Bankex expiry day, while the Sensex expiry day remains unchanged on Friday
F&O Expiry Schedule
Starting from October 16, traders can anticipate the following weekly F&O expiry schedule: Nifty Midcap Select and BSE Bankex on Monday, Nifty Financial Services on Tuesday, Bank Nifty on Wednesday, Nifty 50 on Thursday, and Sensex on Friday. The BSE had revamped the Sensex and Bankex derivative contracts in May, enhancing their appeal with a reduced lot size and a new expiry cycle, which has since driven increased traction in derivative trading; this move aims to challenge the derivatives market monopoly held by the National Stock Exchange of India (NSE).
Traction in BSE derivative volumes
On May 15, BSE Ltd, India’s oldest stock exchange, undertook a renewed effort to rejuvenate its derivatives segment by reintroducing the Sensex and Bankex futures and options contracts, characterized by reduced lot sizes and altered expiry dates; following this relaunch, these products have gradually and consistently garnered increased interest and activity.
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