India VIX spurts near 60 mark.
The Nifty March 2020 futures were at 9,095.75, a discount of 101.65 points compared with the spot at 9,197.40.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 6.45 lakh crore compared with Rs Rs 8.07 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index tumbled 757.8 points or 7.61% at 9,197.40.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 16.07% to 59.7475.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 22.62 lakh at the 12,000 strike price. Maximum put OI of 22.11 lakh contracts was seen at 9500 strike price.
State Bank of India (SBI), ICICI Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE.
SBI March 2020 futures were at 222, compared with spot closing price of 223.35. ICICI Bank March 2020 futures were at 397.85 compared with spot closing price of 401.10. Reliance Industries March 2020 futures were at 1,006.60, compared with spot closing price of 1012.20.
The F&O contracts for March expire on 26 March 2020.
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