Nifty monthly expiry: Monday, 23 November 2026

The November 2026 monthly futures and options contracts on NSE expire on Monday, 23 November 2026, one trading day early, because Tuesday, 24 November is a trading holiday.

Published 13 November 2026 · Potoos Research Services

The date in the NSE records

Expiry is the last day a futures or options contract exists. A futures contract is an exchange-traded agreement for a future date. An option gives its holder a right under stated terms, without an obligation to use it. Both are called derivatives, because their value comes from something else, here an index such as the Nifty 50 or a single company's shares. "F&O" is short for futures and options.

Sources: NSE daily derivatives file, NSE contract specifications, 2026 holiday circular and NSE Clearing's November settlement schedule.

Why the date moved to Monday

NSE's Nifty 50 contract specifications say: "Nifty 50 futures contracts expire on the last Tuesday of the expiry month. If the last Tuesday is a trading holiday, the contracts expire on the previous trading day." The Tuesday rule itself comes from NSE's June 2025 circular on revised expiry days, which moved monthly index and stock contracts from the last Thursday to the last Tuesday.

The NSE circular listing trading holidays for 2026 names Tuesday, 24 November 2026 as a holiday for Prakash Gurpurb Sri Guru Nanak Dev. The trading day before it is Monday, 23 November 2026. Saturday 21 and Sunday 22 November are weekends.

Which contracts expire on 23 November

The NSE daily derivatives file for 12 November 2026 is a downloadable record of every futures and options contract traded that day. In that file, every November monthly contract checked carries an expiry of 23 November 2026:

• Nifty 50 monthly futures and monthly options.
• Bank Nifty, Nifty Financial Services (FINNIFTY), Nifty Midcap Select (MIDCPNIFTY) and Nifty Next 50 futures and options with a November expiry.
• All 218 single-stock futures contracts with a November expiry.

No November monthly contract in the file shows 24 November.

The 17 November weekly expiry is a different date

NSE also lists Nifty 50 weekly options. The same file shows a weekly Nifty options expiry on Tuesday, 17 November 2026, which is not a holiday and does not move. Our page on the 17 November Nifty weekly expiry covers it. A date shown beside "NIFTY" in an app can belong to either the weekly or the monthly contract, so match the contract and the date together.

When money and positions settle

Settlement is the step where the clearing corporation moves funds for trades. NSE Clearing's F&O settlement schedule for November 2026 pairs trade date 23 November 2026 with settlement on 25 November 2026. 24 November is skipped because it is a holiday.

What comes next

The same 12 November file lists the December monthly Nifty 50 future with an expiry of Tuesday, 29 December 2026. NSE's 2026 holiday circular does not list 29 December. An expiry date by itself says nothing about where the index will close.

Sources

• NSE daily derivatives data for 12 November 2026. 12 November 2026. ZIP member BhavCopy_NSE_FO_0_0_0_20261112_F_0000.csv, columns TckrSymb, FinInstrmTp, XpryDt and FininstrmActlXpryDt; NIFTY futures row shows 2026-11-23.
• NSE circular: trading holidays for the calendar year 2026. 12 December 2025. PDF page 1, holiday table, rows 13 and 14 (10 November and 24 November 2026).
• NSE Nifty 50 contract specifications. Checked 12 November 2026. Nifty futures section, Expiry day.
• NSE circular on revision in expiry day of index and stock derivatives. 25 June 2025. PDF page 1, expiry table.
• NSE Clearing F&O monthly settlement schedule for November 2026. 6 October 2026. PDF page 1, table row for trade date 23-Nov-2026.
• NSE holiday list. Checked 12 November 2026. Trading holidays, equity and equity derivatives, 24-Nov-2026 entry.

Sources checked on 12 November 2026. Information cutoff: 12 November 2026, 21:00 IST

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