What is the square-off timing for expiry-day events?

Please check the segment-wise square-off timings on expiry day below:

Segment / Contract Square off Time Remarks 
NSE Stock Futures & Options – Physical Delivery (Expiry Day) 12:00 PM* Stock Futures and Options positions will be squared off by 12:00 PM if the required full margin or underlying stocks are not available, as per the decision of the Risk Management team. 
MCX Commodity Future and Options 9:00 PM 1 day prior to tender start for Commodity Futures and on the last day of Expiry for Commodity Options. 
CDS – Currency Derivatives CDS – Cross-Currency 12:30 PM No forced square-off; all positions are settled directly by the Exchange. 

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