India VIX cools off 2%

SBI, Indiabulls Housing and ICICI Bank were top traded stock futures on the NSE.

The Nifty February 2020 futures were at 12,226.85, a premium of 25.65 points compared with the Nifty's closing of 12,201.20 in the cash market.

In the cash market, the Nifty 50 index was up 93.3 points or 0.77% to 12,201.20.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 13.02 lakh crore compared with Rs 11.40 lakh crore reported in the previous session.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, was declined 2.26% to 13.565.

On the options front, the Nifty option chain for 27 February 2020 expiry showed maximum call open interest (OI) of 27.76 lakh contracts at the 12,500 strike price. Maximum put OI of 40.46 lakh contracts was seen at 12,000 strike price.

The option chain indicates that Nifty will hover between 12,000 and 12,500 in the February 2020 series.

Yes Bank (down 4.48%) was banned from trading in NSE's F&O segment after the security crossed 95% of market wide position limit.

State Bank of India (SBI), Indiabulls Housing Finance and ICICI Bank were top traded individual stock futures contracts in F&O segment of NSE for February expiry.

SBI February 2020 futures were at 321.75, compared with spot closing price of 320.4. Indiabulls Housing Finance February 2020 futures were at 334, compared with spot closing price of 340.40. ICICI Bank February 2020 futures were at 551.50, compared with spot closing price of 549.40.

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