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.

The end of Bank Nifty weekly contract, among Sebi's changes to F&O rules, are expected to impact trading volumes and could alter trading behaviour, with experts forecasting both immediate and long-term shifts.

The Securities and Exchange Board of India (SEBI) is implementing new regulations that limit weekly expiry options contracts to just one per exchange. This change will impact Nifty Bank, which previously had weekly expiries and was popular among retail traders.

India's largest options contract Nifty Bank will have its last weekly expiry today; What it means for investors and traders