Nifty Futures trade at premium

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Capital Market
Last Updated : Aug 23 2019 | 5:31 PM IST

Turnover in the F&O segment declines

The Nifty August 2019 futures was at 10,855 a premium of 25.65 points compared with the Nifty's closing of 10,829.35 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 10.43 lakh crore compared with Rs 25.17 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index rose 88 points or 0.82% to settle at 10,829.35.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, declined 3.13% at 17.2925.

On the options front, the Nifty option chain for 29 August 2019 expiry showed maximum call open interest (OI) of 46.17 lakh contracts at the 11,000 strike price. Maximum put OI of 28.25 lakh contracts was seen at 10,700 strike price. Options data suggested a trading range between 10,700 and 11,000 levels for the Nifty.

ICICI Bank, Reliance Industries and State Bank of India (SBI) were the top traded individual stock futures contracts in F&O segment of NSE. ICICI Bank August 2019 futures were at 396, compared with spot closing price of 395.9. Reliance Industries August 2019 futures were at 1275.8 compared with spot closing price of 1276. SBI August 2019 futures were at 272.1, compared with spot closing price of 271.35.

The August 2019 F&O contracts expire on 29 August 2019.

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First Published: Aug 23 2019 | 4:49 PM IST

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