{"id":1990,"date":"2023-06-06T17:23:30","date_gmt":"2023-06-06T11:53:30","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=1990"},"modified":"2023-06-06T17:23:32","modified_gmt":"2023-06-06T11:53:32","slug":"bank-nifty-f-may-reduce-volatility","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/bank-nifty-f-may-reduce-volatility\/","title":{"rendered":"Bank Nifty F&#038;O expiry day change may benefit brokers, NSE, govt, but not traders as much; may reduce volatility."},"content":{"rendered":"\n<p>Except for Monday, NSE will now have an F&amp;O expiry on every day from next week. There is the Nifty Financial expiry on Tuesday, Nifty Midcap Select on Wednesday, Nifty 50 on Thursday and now Bank Nifty on Friday.<\/p>\n\n\n\n<p>NSE\u2019s move of shifting Bank Nifty\u2019s Futures and Options (F&amp;O) expiry from Thursday to Friday has surprised traders. The changes will be effective from the trade date of Friday, July 7, 2023; accordingly, all existing contracts with Thursday expiry will be revised to Friday by the end of the day on July 6, 2023. The first Friday expiry will be on July 14, 2023, according to NSE. With this change, NSE will now have an F&amp;O expiry on every day of the week except Monday, with effect from the week starting July 9. There is the Nifty Financial expiry on Tuesday, Nifty Midcap Select on Wednesday, Nifty 50 on Thursday and now Bank Nifty on Friday.<\/p>\n\n\n\n<p>Earlier last month, BSE also changed the expiry day of Sensex and Bankex monthly, weekly and long-dated futures and options contracts to Fridays from Thursdays. Analysts believe that NSE has taken this decision to counter BSE while noting that changing the expiry day alone won\u2019t increase the attractiveness of Bank Nifty as transaction charges will also play a significant role. Nifty 50 and Bank Nifty take cues from each other, especially during expiry days, resulting in heightened volatility, the move may help reduce volatility.<\/p>\n\n\n\n<p><strong>NSE shifted expiry day to counter BSE<\/strong><br>\u201cThe NSE\u2019s decision to shift the expiry of Bank Nifty to Friday can be viewed from two perspectives. Firstly, BSE F&amp;O contracts, which expire on Friday, have gained popularity among traders due to lower charges than NSE. To counter this competition, NSE introduced the idea of shifting the expiry day. Secondly, NSE\u2019s previous successful experiment with the Finnifty\u2019s new expiry day may have influenced this decision,\u201d said Santosh Meena, Head of Research, Swastika Investmart Ltd. He further said that expiry alone may not be the sole factor determining attractiveness; transaction charges will also play a significant role, especially considering the appeal of BSE Sensex F&amp;O contracts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Different expiry days will help in reducing volatility<\/strong><\/h2>\n\n\n\n<p>\u201cThough Bank Nifty is a thematic index while Nifty is a broad-based index, and though both differ in terms of volatility and price ranges, they are often traded in tandem, with each taking cues from the other, especially during expiry day fluctuations. However, once expiry days become different, it is possible that such a link might diminish. This move is more significant than any of the other similar changes wart expiry days brought in for Fin nifty or that of BSE indices etc., as Nifty and Bank Nifty constitute the lion\u2019s share of derivative volumes,\u201d said Anand James, Chief Market Strategist at Geoje Financial Services. He further said that one could argue that too much may not be good, as now one would have to spare the heightened allocation of resources in terms of attention, research, time etc. to yet another day.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Same expiry day will make it easier for investors to adjust their trading positions<\/strong><\/h2>\n\n\n\n<p>\u201cAs NSE looks to gain a competitive advantage over BSE, the Nifty Bank expiry has been shifted to Friday. This will not impact Nifty Bank traders in any way but if both BSE &amp; NSE had the same day as the expiry day would have surely made it easier for investors to remember and accordingly adjust their trading positions,\u201d said A R Ramachandran from Tips2trades.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Brokerages, exchange and government will gain from different day expiry<\/strong><\/h2>\n\n\n\n<p>\u201cTraders will utilize their capital in a more efficient manner if Nifty and Bank Nifty expire on different days; brokers will earn more brokerages, exchange and government will earn more transaction charges and STT,\u201d said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/h3>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\">info@eqwires.com<\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/twitter.com\/EqwiresRA\">Twitter<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-medium-brown-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Except for Monday, NSE will now have an F&amp;O expiry on every day from next week. There is the Nifty Financial expiry on Tuesday, Nifty Midcap Select on Wednesday, Nifty 50 on Thursday and now Bank Nifty on Friday. NSE\u2019s move of shifting Bank Nifty\u2019s Futures and Options (F&amp;O) expiry from Thursday to Friday has surprised traders. The changes will be effective from the trade date of Friday, July 7, 2023; accordingly, all existing contracts &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/bank-nifty-f-may-reduce-volatility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bank Nifty F&#038;O expiry day change may benefit brokers, NSE, govt, but not traders as much; may reduce volatility.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,75,210,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-1990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intrada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