VIX declines 4% to 11.40

Nifty Dec 2019 futures trades at premium

The Nifty December 2019 futures were at 12,236.50, a premium of 24.5 points compared with the Nifty's closing of 12,212 in the cash market.

In the cash market, the Nifty 50 index fell 50.75 points or 0.41% to 12,212.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 10.80 lakh crore compared with Rs 10.07 lakh crore reported in the previous session.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, tumbled 4.66% to 11.40. A decline in volatility indicates stability in benchmark index.

On the options front, the Nifty option chain for 26 December 2019 expiry showed maximum call open interest (OI) of 36.81 lakh contracts at the 12,300 strike price. Significant call writing was witnessed at 12,250 strike price, which added 12.58 lakh contracts. Maximum call unwinding was seen at the 12,500 strike price, which shed 2.91 lakh contracts.

Maximum put OI of 31.15 lakh contracts was seen at 12,000 strike price. Maximum put writing was seen at the 12,150 strike price, which added 1.96 lakh contracts. Put unwinding was seen at 11,800 strike price, which shed 7.63 lakh contracts.

The option chain indicates that Nifty will expire between 12,000 and 12,300 in the December 2019 series, which expires on Thursday, 26 December 2019.

Reliance Industries (RIL), HDFC and State Bank of India (SBI) were the top traded individual stock futures contracts in F&O segment of NSE for December expiry.

RIL December 2019 futures were at 1,548, compared with spot closing price of 1,544.50. HDFC December 2019 futures were at 2,417.40 compared with spot closing price of 2,413. SBI December 2019 futures were at 332.7, compared with spot closing price of 331.95.

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