Turnover spurts in F&O segment due to weekly options expiry.
The Nifty July 2020 futures were at 10,551.90, almost at par with the spot closing at 10,551.70.Turnover on the National Stock Exchange's futures & options (F&O) segment was at Rs 34.58 lakh crore compared with Rs 16.59 lakh crore in the previous session.
In the cash market, the Nifty 50 index rallied 121.65 points or 1.17% to 10,551.70.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 5.74% to 26.5025.
On the options front, the Nifty option chain for 30 July 2020 expiry showed maximum call open interest (OI) of 22.36 lakh at the 11,000 strike price. Maximum put OI of 30.57 lakh contracts was seen at 10,000 strike price.
Reliance Industries (RIL), Bajaj Finance and Axis Bank were the top traded individual stock futures contracts in F&O segment of NSE. RIL July 2020 futures were at 1,761, compared with spot closing price of 1759.50. Bajaj Finance July 2020 futures were at 2,948 compared with spot closing price of 2950. Axis Bank July 2020 futures were at 425.90, compared with spot closing price of 424.80.
The F&O contracts for July will expire on 30 July 2020.
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