Nifty April futures trade at minor premium

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Capital Market
Last Updated : Apr 08 2020 | 5:31 PM IST

VIX snaps four days losing streak

The Nifty April 2020 futures were at 8,755.90 a premium of 7.15 points compared with the spot closing at 8,748.75.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 11.62 lakh crore compared with Rs 7.65 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index fell 43.45 points or 0.49% at 8748.75.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 1.2% to 52.4225, snapping its four day losing streak.

On the options front, the Nifty option chain for 30 April 2020 expiry showed maximum call open interest (OI) of 16.50 lakh at the 9,000 strike price. Maximum put OI of 23.88 lakh contracts was seen at 8,000 strike price.

Reliance Industries (RIL), HDFC Bank and SBI were the top traded individual stock futures contracts in F&O segment of NSE. RIL April 2020 futures were at 1196, compared with spot closing price of 1197. HDFC Bank April 2020 futures were at 879 compared with spot closing price of 888.70. SBI April 2020 futures were at 183.45, compared with spot closing price of 182.80.

The F&O contracts for April expire on 30 April 2020.

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First Published: Apr 08 2020 | 4:53 PM IST

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