The National Stock Exchange (NSE) on July 12, 2023, NSE issued a circular regarding the revision in NIFTY Midcap Select (MIDCPNIFTY) Expiry Futures and Options Contract Cycle.
The members are hereby advised to note the following changes on the expiry day of the derivatives contract on MIDCPNIFTY shall be implemented for trading:
• Weekly Contracts
o All existing weekly contracts shall expire on Monday of every week excluding the expiry week of the monthly contract.
o If Monday is a trading holiday, then the expiry day is the previous trading day.
• Monthly Contracts
o All monthly contracts shall expire on the last Monday of the respective contract month.
o If Monday a trading holiday, then the expiry day is the previous trading day.
[Circular No. 118/2023]
