VIX cools off for second day
The Nifty January 2020 futures were at 12,271.20, a premium of 22.95 points compared with the Nifty's closing of 12,248.25 in the cash market.In the cash market, the Nifty 50 index gained 67.9 points or 0.56% to 12,248.25.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 9.66 lakh crore compared with Rs 34.45 lakh crore reported in the previous session.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 2.04% to 15.53.
On the options front, the Nifty option chain for 30 January 2020 expiry showed maximum call open interest (OI) of 33.67 lakh contracts at the 12,300 strike price. Maximum put OI of 42.95 lakh contracts was seen at 12,000 strike price.
The option chain indicates that Nifty will hover between 12,000 and 12,300 in the January 2020 series.
Yes Bank (up 3.91%) was banned from trading in NSE's F&O segment for today after the security crossed 95% of market wide position limit.
Ultratech Cement, SBI and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE for January expiry.
Ultratech Cement January 2020 futures were at 4,654.90, compared with spot closing price of 4643. SBI January 2020 futures were at 324.80, compared with spot closing price of 324.30. ICICI Bank January 2020 futures were at 536.00, compared with spot closing price of 535.45.
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