Turnover spurts in NSE F&O segment

VIX down 1.4%

The Nifty February 2020 futures were at 11,632, a discount of 29.85 points compared with the Nifty's closing of 11,661.85 in the cash market.

In the cash market, the Nifty 50 index plummeted 300.25 points or 2.66% to 11, 661.85.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 14.27 lakh crore compared with Rs 7.01 lakh crore reported in the previous session.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, declined 1.39% to 17.1250.

On the options front, the Nifty option chain for 27 February 2020 expiry showed maximum call open interest (OI) of 29.46 lakh contracts at the 12,200 strike price. Maximum put OI of 26.98 lakh contracts was seen at 12,000 strike price.

The option chain indicates that Nifty will hover between 12,000 and 12,200 in the February 2020 series.

SBI, Reliance Industries, and Bajaj Finance were the top traded individual stock futures contracts in F&O segment of NSE for February expiry.

SBI February 2020 futures were at 303.80, compared with spot closing price of 302.80. Reliance Industries February 2020 futures were at 1,369.00, compared with spot closing price of 1372.00. Bajaj Finance February 2020 futures were at 4,282.95, compared with spot closing price of 4274.05.

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