VIX falls for 4th trading session
The Nifty April 2020 futures were at 8,881 a premium of 88.8 points compared with the spot closing at 8,792.20.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 7.65 lakh crore compared with Rs 4.45 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index jumped 708.40 points or 8.76% at 8792.20.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 5.86% to 52.06, extending its losing streak for four consecutive session.
On the options front, the Nifty option chain for 30 April 2020 expiry showed maximum call open interest (OI) of 15.16 lakh at the 9,000 strike price. Maximum put OI of 23.20 lakh contracts was seen at 8,000 strike price.
Reliance Industries (RIL), Bajaj Finance and SBI were the top traded individual stock futures contracts in F&O segment of NSE. RIL April 2020 futures were at 1,216.05, compared with spot closing price of 1211. Bajaj Finance April 2020 futures were at 2,260 compared with spot closing price of 2249. SBI April 2020 futures were at 187.40, compared with spot closing price of 185.75.
The F&O contracts for April expire on 30 April 2020.
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