VIX cools off for 2nd day

Nifty Futures trade at a premium

The Nifty November 2019 futures were at 11,940, a premium of 44.7 points compared with the Nifty's closing of 11,895.30 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 8.62 lakh crore compared with Rs 31.59 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index rose 23.2 points or 0.2% to 11,895.30.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, tumbled 4.36% at 14.9675. India VIX has closed below the level of 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 22.20 lakh contracts at the 12,000 strike price. Maximum put OI of 21.91 lakh contracts was seen at 11,600 strike price. Options data suggested a trading range between 11,600 and 12,000 levels for the Nifty.

State Bank of India (SBI), Bharti Airtel and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. SBI November 2019 futures were at 324.20, compared with spot closing price of 322.95. Bharti Airtel November 2019 futures were at 394.80 compared with spot closing price of 396. ICICI Bank November 2019 futures were at 499.45, compared with spot closing price of 498.85.

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

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