Turnover in F&O segment declines

SBI, Axis Bank and ICICI Bank top traded stock futures.

The Nifty December 2019 futures were at 12,151.30, a premium of 64.6 points compared with the Nifty's closing of 12,086.70 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 8.78 lakh crore compared with Rs 26.02 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index rose 114.9 points or 0.96% to 12,086.70.

The NSE's India VIX down 2.56% at 13.0050. A fall in volatility indicates stability in benchmark index.

On the options front, the Nifty option chain for 26 December 2019 expiry showed maximum call open interest (OI) of 25.53 lakh at the 12,000 strike price. Maximum put OI of 41.90 lakh contracts was seen at 12,000 strike price. The option chain suggests that 12,000 level will be crucial for Nifty.

State Bank of India, Axis Bank and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. State Bank of India December 2019 futures were at 333.85, compared with spot closing price of 333.15. Axis Bank December 2019 futures were at 754.25 compared with spot closing price of 752.25. ICICI Bank December 2019 futures were at 539.20, compared with spot closing price of 537.10.

The December 2019 F&O contracts expire on Thursday, 26 December 2019.

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