Nifty December 2019 futures trade at premium
The Nifty December 2019 futures were at 12,092.50, a premium of 49.30 points compared with the Nifty's closing of 12,043.20 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 18.09 lakh crore compared with Rs 9.78 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index rose 49 points or 0.41% to 12,043.20.
The NSE's India VIX fell 8.80% at 13.28. A rise in volatility indicates instability in benchmark index.
On the options front, the Nifty option chain for 26 December 2019 expiry showed maximum call open interest (OI) of 18.81 lakh at the 12,500 strike price. Maximum put OI of 31.86 lakh contracts was seen at 12,000 strike price.
The option chain suggests that the Nifty will trade between 12,000 and 12,500 level in December.
ICICI Bank, State Bank of India and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE.
ICICI Bank December 2019 futures were at 529.10, compared with spot closing price of 528.80. State Bank of India December 2019 futures were at 343.40 compared with spot closing price of 341.50. Reliance Industries December 2019 futures were at 1,563.10, compared with spot closing price of 1,554.50.
The December 2019 F&O contracts expire on 26 December 2019.
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