India VIX nears 65 level
The Nifty March 2020 futures were at 8,456.90, a discount of 11.90 points compared with the spot at 8,468.80.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 10.10 lakh crore compared with Rs 7.95 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index tumbled 498.25 points or 5.56% at 8,468.80.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 2.46% to 64.47.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 21.29 lakh at the 12,000 strike price. Maximum put OI of 20.28 lakh contracts was seen at 8,500 strike price.
State Bank of India (SBI), HDFC Bank and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE.
SBI March 2020 futures were at 213.35, compared with spot closing price of 215.85. HDFC Bank March 2020 futures were at 901.40 compared with spot closing price of 900.40. ICICI Bank March 2020 futures were at 356.70, compared with spot closing price of 357.20.
The F&O contracts for March expire on 26 March 2020.
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