India VIX jumps 11%

Turnover in F&O segment rises

The Nifty January 2020 futures were at 12,118.95, a discount of 0.05 points compared with the Nifty's closing of 12,119 in the cash market.

In the cash market, the Nifty 50 index slumped 129.25 points or 1.06% to 12,119.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 11.67 lakh crore compared with Rs 9.66 lakh crore reported in the previous session.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 10.92% to 17.26.

On the options front, the Nifty option chain for 30 January 2020 expiry showed maximum call open interest (OI) of 55.73 lakh contracts at the 12,200 strike price. Maximum put OI of 43.72 lakh contracts was seen at 12,000 strike price.

The option chain indicates that Nifty will hover between 12,000 and 12,200 in the January 2020 series.

Yes Bank (down 1.29%) was banned from trading in NSE's F&O segment for today after the security crossed 95% of market wide position limit.

ICICI Bank, Dr. Reddy Laboratories and HDFC and were the top traded individual stock futures contracts in F&O segment of NSE for January expiry.

ICICI Bank January 2020 futures were at 536, compared with spot closing price of 535.9. Dr. Reddy Labs January 2020 futures were at 3,207.95, compared with spot closing price of 3200. HDFC January 2020 futures were at 2,394.20, compared with spot closing price of 2389.95.

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