The Securities and Exchange Board of India (Sebi) approved on Tuesday the National Stock Exchange’s (NSE) proposal to change its weekly expiry day from Thursday to Tuesday, ET Now reported.
The decision follows a circular issued by the capital markets regulator in the last week of May, which instructed exchanges to select either Tuesday or Thursday as the expiry day for equity derivatives.
The directive is aimed at reducing expiry-day volatility and bringing uniformity across exchanges.
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