Nifty January 2020 futures trade at premium

VIX jumps nearly 8%

The Nifty January 2020 futures were at 12,065.35, a premium of 40 points compared with the Nifty's closing of 12,025.35 in the cash market.

In the cash market, the Nifty 50 index rose 59.9 points or 0.5% to 12,052.95.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 17.85 lakh crore compared with Rs 18.28 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 7.23% to 15.6675.

On the options front, the Nifty option chain for 30 January 2020 expiry showed maximum call open interest (OI) of 26.81 lakh contracts at the 12,500 strike price. Maximum put OI of 42.26 lakh contracts was seen at 12,000 strike price.

The option chain indicates that Nifty will hover between 12,000 and 12,500 in the January 2020 series.

Yes Bank (up 2.22%) was banned from trading in NSE's F&O segment after the security crossed 95% of market wide position limit.

State Bank of India (SBI), ICICI Bank and Reliance Industries (RIL) and were the top traded individual stock futures contracts in F&O segment of NSE for January expiry.

SBI January 2020 futures were at 320, compared with spot closing price of 319.35. ICICI Bank January 2020 futures were at 528, compared with spot closing price of 525.80. RIL January 2020 futures were at 1,522, compared with spot closing price of 1514.

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