Nifty Futures trade at discount
The Nifty March 2020 futures were at 8,900, a discount of 67.05 points compared with the spot at 8,967.05.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 7.95 lakh crore compared with Rs Rs 6.45 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index tumbled 230.35 points or 2.50% at 8,967.05. The Nifty closed below 9000 mark for the first time since 10 March 2017.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 6.81% to 62.88.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 22.67 lakh at the 12,000 strike price. Maximum put OI of 24.13 lakh contracts was seen at 8500 strike price.
State Bank of India (SBI), ICICI Bank and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE.
SBI March 2020 futures were at 213.05, compared with spot closing price of 213.90. ICICI Bank March 2020 futures were at 366.50 compared with spot closing price of 366.95. HDFC Bank March 2020 futures were at 969, compared with spot closing price of 976.20.
The F&O contracts for March expire on 26 March 2020.
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