Mumbai, March 28 -- On Thursday, the Securities and Exchange Board of India (SEBI) published a consultation paper which stated that every stock exchange will be allowed one weekly benchmark index options contract, on their chosen day - either Tuesday or Thursday. This has been proposed with the intent to ensure optimal spacing exists between expiry dates.

The National Stock Exchange (NSE) had earlier proposed to shift its expiry to Monday from Thursday, with the change kicking in from April 4. Post the announcement of this proposal from SEBI, NSE's plan to shift its derivatives expiry day to Monday from Thursday has been put on hold. The market regulator has advised exchanges not to tweak the schedule until a new policy kicks in.

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