Turnover spurts in NSE F&O segment

VIX closes below 15

The Nifty November 2019 futures were at 11,971.20, a premium of 2.8 points compared with the Nifty's closing of 11,968.40 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment witnessed a spurt on account of expiry of weekly index options. The turnover was Rs 23.61 lakh crore compared with Rs 12.82 lakh crore reported in the Wednesday's session.

In the cash market, the Nifty 50 index fell 30.7 points or 0.26% to 11,968.40.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, declined 2.16% at 14.8325. India VIX closed below 15 for the first time since 16 September 2019.

On the options front, the Nifty option chain for 28 November 2019 expiry showed maximum call open interest (OI) of 38.16 lakh contracts at the 12,000 strike price. Maximum put OI of 28.93 lakh contracts was seen at 11,900 strike price. Options data suggested a trading range between 11,900 and 12,000 levels for the Nifty.

Zee Entertainment (ZEEL), State bank of India (SBI) and Bharat Petroleum Corporation (BPCL) were the top traded individual stock futures contracts in F&O segment of NSE. ZEEL November 2019 futures were at 339.80, compared with spot closing price of 343. SBI November 2019 futures were at 331.65 compared with spot closing price of 331.95. BPCL November 2019 futures were at 512.50, compared with spot closing price of 512.10.

The November 2019 F&O contracts expire on 28 November 2019.

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