VIX cools off 10%
The Nifty April 2020 futures were at 8,589, a discount of 8.75 points compared with the spot closing at 8,597.75.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 6.73 lakh crore compared with Rs 4.61 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index jumped 316.65 points or 3.82% at 8,597.75.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 10.29% to 64.49.
On the options front, the Nifty option chain for 30 April 2020 expiry showed maximum call open interest (OI) of 15.12 lakh at the 9,000 strike price. Maximum put OI of 19.57 lakh contracts was seen at 8,000 strike price.
Reliance Industries, Bajaj Finance and SBI and were the top traded individual stock futures contracts in F&O segment of NSE.
Reliance Industries April 2020 futures were at 1,107.3, compared with spot closing price of 1100. Bajaj Finance April 2020 futures were at 2218.15 compared with spot closing price of 2214.30. SBI April 2020 futures were at 195.35, compared with spot closing price of 196.
The F&O contracts for April expire on 30 April 2020.
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