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SEBI to consult stakeholders before action on expiry durations: NSE CEO

Published on 24/09/2025 08:58 PM

SEBI to consult stakeholders before action on expiry durations: NSE CEONSE CEO Ashishkumar Chauhan said SEBI will consider stakeholder views before any move on curbing weekly expiries, adding that initial volume impact would normalise over time after consultation.By Abhimanyu Sharma   September 24, 2025, 8:58:26 PM IST (Published)2 Min ReadChief Executive Officer (CEO) and Managing Director (MD) of the National Stock Exchange (NSE), Ashishkumar Chauhan, has said that the Securities and Exchange Board of India (SEBI) will take participants’ views into account before deciding on any change in derivative expiry durations.

He noted that while discussions have not yet been held, public statements suggest SEBI will issue a consultation paper on the matter.

Speaking in New Delhi at the launch of the Hindi edition of his biography Sthitapragya, Chauhan said any shift from weekly to longer expiries such as fortnightly or monthly could initially reduce volumes, but trading activity would eventually stabilise.

On the NSE’s long-awaited listing, he said the exchange had applied to SEBI for a NoC in June 2025 and is awaiting approval. Once received, it would take 4–5 months to prepare the RHP and another 4–5 months for SEBI’s clearance, implying an IPO could follow within 8–9 months thereafter.

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Chauhan also highlighted NSE’s dominance in electricity derivatives, where it holds an 85–90% market share, calling them instruments designed jointly with government and regulators to reform electricity markets.

On competition with the BSE and MSE, he stressed that cooperation outweighs rivalry, adding that exchanges work more as colleagues than competitors.

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