In the case of a Nifty weekly option contracts, expiry is every Thursday of the week. In Bank Nifty, the expiry is every wednersday of the week.
In case Thursday / wednersday is a trading holiday, the previous trading day shall be the expiry/last trading day.
All contracts shall expire at the normal market closing time on the expiry day or such other time as decided by Exchange.
The options contracts shall be European styled which can be exercised only on the expiration date.
Final settlement will be Cash settled in Indian rupees based on the final settlement price.
Final settlement price for an option contract shall be the closing price of the underlying index in the Normal Market of the Capital Market segment of National Stock Exchange on the last trading day of such futures contract.
