IndusInd Bank top traded futures contract for third day.The Nifty January 2020 futures were at 12,370.25, a premium of 14 points compared with the Nifty's closing of 12,356.25 in the cash market.
In the cash market, the Nifty 50 index rose 12.95 points or 0.09% to 12,356.25.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 32.27 lakh crore compared with Rs 13.81 lakh crore reported in the previous session. A rise in turnover was on the back of weekly index options expiry.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.1% to 14.1350.
On the options front, the Nifty option chain for 30 January 2020 expiry showed maximum call open interest (OI) of 30.37 lakh contracts at the 12,500 strike price. Maximum put OI of 42.03 lakh contracts was seen at 12,000 strike price.
The option chain indicates that Nifty will hover between 12,000 and 12,500 in the January 2020 series.
Yes Bank (up 0.88%) was banned from trading in NSE's F&O segment after the security crossed 95% of market wide position limit.
IndusInd Bank, SBI and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE for January expiry.
IndusInd Bank January 2020 futures were at 1,390.30, compared with spot closing price of 1383.80. SBI January 2020 futures were at 324.60, compared with spot closing price of 323.10. Reliance Industries January 2020 futures were at 1,542.25, compared with spot closing price of 1538.70.
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