Turnover in F&O segment jumps

Nifty August 2019 futures at premium

The Nifty August 2019 futures was at 11,315, a premium of 62.85 points compared with the Nifty's closing of 11,252.15 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 26.03 lakh crore compared with Rs 12.25 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index fell 19.15 points or 0.17% to settle at 11,252.15.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 2.39% at 12.455.

On the options front, the Nifty option chain for 29 August 2019 expiry showed maximum call open interest (OI) of 13.66 lakh contracts at the 12,000 strike price. Maximum put OI of 28.20 lakh contracts was seen at 11,000 strike price. Options data suggested a trading range between 11,000 and 12,000 levels for the Nifty.

Bajaj Finance, Reliance Industries (RIL) and Housing Development Finance Corporation (HDFC) were the top traded individual stock futures contracts in F&O segment of NSE.

Bajaj Finance August 2019 futures were at 3,052.50, compared with spot closing price of 3,037. Reliance Industries (RIL) August 2019 futures were at 1,236.55, compared with spot closing price of 1,235. Housing Development Finance Corporation (HDFC) August 2019 futures were at 2,203.20, compared with spot closing price of 2,194.

The August 2019 F&O contracts expire on 29 August 2019. The July 2019 F&O contracts expired today, 25 July 2019.

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