Bank Nifty Weekly Expiry: Zerodha's Nithin Kamath Posts 'Hilarious' Obituary

Nithin Kamath took to X to share his hilarious take on the closing of Bank Nifty Weekly contracts. Kamath posted a mock 'obituary' on X and said it was shared by an 'old trader friend', in ‘loving memory of Bank Nifty Weekly’ contracts.

Bidding farewell to financial instruments and platforms has been customary in the trader community for close to a decade now.

'27.05.2016 – 13.11.2024', Kamath said, with the post saying - 'The Nifty Weekly is survived by 'her brothers, Bank Nifty Monthly and Quarterly, and her sister, the Nifty 50 weekly contract.'

'In her short life, she saw many ups and downs. She was wild and mysterious, leaving us speculating about her every move. We are forever enriched by her presence (7% of us, that is; 93% of traders make losses from F&O trading). Wednesdays will never be the same without her.' The post read further.

Bank Nifty Weekly's last functioning day was 13 November, as new SEBI regulations. NSE in October announced the discontinuation of Bank Nifty Weekly Contracts, a popular instrument among traders.