Research

Expiry-day moves. NIFTY, BANK NIFTY and every F&O stock.

Do markets move more on F&O expiry day? Every monthly expiry since 2011 for the indices, weekly expiries since mid-2024, and each F&O stock’s expiry-day record.

Next NIFTY futures expiry: Tuesday 27 October 2026.

NIFTY 50

Monthly expiry day±0.77%average size of the move, 189 expiries since 2011
Other days±0.72%1.07× on expiry days
Closed higher on expiry50%vs 53% on other days
Weekly expiry days±0.60%vs ±0.61% on other days since Jul 2024

Average path through the last five sessions to monthly expiry (% from the close before):

+0.03%T-4
-0.15%T-3
-0.03%T-2
-0.02%T-1
-0.02%Expiry

Last 10 monthly expiries:

Tue 29 Sep 2026-0.28%
Tue 25 Aug 2026+0.48%
Tue 28 Jul 2026-0.04%
Tue 30 Jun 2026-0.34%
Tue 26 May 2026-0.49%
Tue 28 Apr 2026-0.40%
Mon 30 Mar 2026-2.14%
Tue 24 Feb 2026-1.12%
Tue 27 Jan 2026+0.51%
Tue 30 Dec 2025-0.01%

BANK NIFTY

Monthly expiry day±0.94%average size of the move, 189 expiries since 2011
Other days±0.98%0.95× on expiry days
Closed higher on expiry53%vs 53% on other days
Weekly expiry days±0.56%vs ±0.71% on other days since Jul 2024

Average path through the last five sessions to monthly expiry (% from the close before):

+0.02%T-4
-0.11%T-3
+0.09%T-2
+0.02%T-1
+0.01%Expiry

Last 10 monthly expiries:

Tue 29 Sep 2026-0.39%
Tue 25 Aug 2026-0.02%
Tue 28 Jul 2026-0.58%
Tue 30 Jun 2026-0.32%
Tue 26 May 2026-0.36%
Tue 28 Apr 2026-1.54%
Mon 30 Mar 2026-3.82%
Tue 24 Feb 2026-0.35%
Tue 27 Jan 2026+1.25%
Tue 30 Dec 2025+0.41%

F&O stocks on monthly expiry day

Average size of the move on monthly expiry days against other days, since 2016. Above 1× means the stock tends to move more on expiry day.

Questions

Is the market more volatile on expiry day?
NIFTY 50: an average move of ±0.77% on monthly expiry days against ±0.72% on other days since 2011. BANK NIFTY: an average move of ±0.94% on monthly expiry days against ±0.98% on other days since 2011.
When is monthly expiry?
Last Tuesday of the month for NSE F&O contracts from September 2025 (last Thursday before that). If that day is a holiday, expiry moves to the previous trading day. See the expiry calendar.
Which stocks move most on expiry day?
The table ranks every F&O stock with at least two years of expiries by how much bigger its expiry-day move is than its normal day.

Related F&O tools

Today’s numbers, their history, and every stock’s own page.

From NSE’s end-of-day F&O files. Past patterns are not a forecast. Information, not investment advice; ChartMine is not a SEBI-registered adviser.

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