Nifty Futures trade at premium

India VIX jumps nearly 7%

The Nifty February 2020 futures were at 12,079.20, a premium of 33.40 points compared with the Nifty's closing of 12,045.80 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 10.76 lakh crore compared with Rs 12.46 lakh crore reported in the previous session.

On the options front, the Nifty option chain for 27 February 2020 expiry showed maximum call open interest (OI) of 26.35 lakh at the 12,500 strike price. Maximum put OI of 36.97 lakh contracts was seen at 12,000 strike price. The option chain suggests that the Nifty will trade between 12,000 to 12,500 levels in February.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 6.81% to 14.5425. A rise in volatility indicates instability in benchmark index.

In the cash market, the Nifty 50 index fell 67.65 points or 0.56% to 12,045.80.

Yes Bank (down 3.98%) was banned from trading in NSE's F&O segment for today after the security crossed 95% of market wide position limit.

Muthoot Finance, State Bank of India (SBI) and Bharti Airtel were the top traded individual stock futures contracts in F&O segment of NSE.

Muthoot Finance February 2020 futures were at 880, compared with spot closing price of 879.5. SBI February 2020 futures were at 315.90 compared with spot closing price of 314.70. Bharti Airtel February 2020 futures were at 565.20, compared with spot closing price of 565.40.

The February 2020 F&O contracts expire on Thursday, 27 February 2020.

Powered by Capital Market - Live News