NSE’s GIFT City International Exchange to Launch Daily Expiry Nifty Options from Oct 13

The National Stock Exchange’s international arm in Gujarat’s GIFT City is set to introduce a new trading framework that will allow daily expiries for Nifty 50 index options contracts. The change, effective from October 13, 2025, marks a significant shift in the derivatives market structure, offering traders more flexibility and greater trading opportunities.

In a circular released on Monday, NSE International Financial Services Centre (NSE IFSC) announced the rollout of “0DTE” (zero days to expiry) options. These contracts will expire on the same day of trading, with an expiry scheduled every weekday at 3:30 p.m. Immediately after expiry, fresh contracts will be listed, ensuring that five serial weekly expiry contracts remain available at all times.

How the New Expiry Structure Works

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Under the new system, five weekly contracts will be accessible for trading on the NSE IFSC platform. Each day, the day’s 0DTE option will expire by market close, while the next set of contracts will open post 3:30 p.m. This rolling structure ensures continuity in derivatives trading and enhances liquidity.

The exchange clarified that if the expiry of any 0DTE contract coincides with an existing weekly or monthly contract, no duplicate contract will be created. Instead, the existing contract will automatically be treated as the 0DTE option. Settlement procedures and related processes will be detailed separately by NSE IFSC Clearing Corporation.

What the Move Means for Traders

Expiry day is when a derivative contract ceases to be valid, requiring traders to square off their positions either by exercising the contract or closing it before the cut-off. Traditionally, such experiences were offered on a weekly or monthly basis. By introducing daily expiries, NSE IFSC aims to provide traders with sharper hedging tools and more frequent trading opportunities.

For active derivatives traders, the move allows greater flexibility to manage short-term market volatility. It also aligns NSE IFSC with global exchanges where 0DTE options are already gaining popularity due to their liquidity and fast turnover.

Broader Context

Located in Gujarat’s GIFT City, NSE IFSC is a wholly owned subsidiary of the National Stock Exchange of India. The International Financial Services Centre is a special economic zone designed to attract global capital, where both resident and non-resident investors can participate.

In Mumbai, meanwhile, index options on NSE continue to operate under the standard weekly and monthly expiry system, with contracts typically expiring every Tuesday.

Conclusion

The introduction of daily expiry contracts on NSE IFSC’s GIFT City exchange from October 13 is expected to deepen India’s derivatives market. By expanding the flexibility and availability of Nifty 50 index options, the move could boost trading volumes and provide sophisticated tools for both domestic and international investors.