Turnover jumps in NSE F&O segment

VIX rises for third day

The Nifty January 2020 futures were at 12,149, a premium of 42.1 points compared with the Nifty's closing of 12,106.90 in the cash market.

In the cash market, the Nifty 50 index declined 62.95 points or 0.52% to 12,106.90.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 16.74 lakh crore compared with Rs 12.82 lakh crore reported in the previous session.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 3.49% to 16.4175.

On the options front, the Nifty option chain for 30 January 2020 expiry showed maximum call open interest (OI) of 34.76 lakh contracts at the 12,500 strike price. Maximum put OI of 35.46 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.

Axis Bank, Zee Entertainment Enterprises and Asian Paints were the top traded individual stock futures contracts in F&O segment of NSE for January expiry.

Axis Bank January 2020 futures were at 710.15, compared with spot closing price of 709.30. Zee Entertainment Enterprises January 2020 futures were at 299.20, compared with spot closing price of 298. Asian Paints January 2020 futures were at 1,778.85, compared with spot closing price of 1773.20.

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