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Nifty May futures trade at discount

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Turnover spurts in F&O segment on account of weekly options expiry.

The Nifty May 2020 were at 9,066.20, a premium of discount of 40.05 points compared with the spot closing at 9,106.25.

Turnover on the National Stock Exchange's & options (F&O) segment was at Rs 23.43 lakh crore compared with Rs 12.20 lakh crore in the previous session.

In the cash market, the Nifty 50 index rose 39.70 or 0.44% to 9,106.25.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 7.78% to 33.02.

On the options front, the Nifty option chain for 28 May 2020 expiry showed maximum call open interest (OI) of 28.32 lakh at the 10,000 strike price. Maximum put OI of 33.12 lakh contracts was seen at 9,000 strike price.

Reliance Industries (RIL), Bharti Airtel and Bajaj Finance were the top traded individual stock contracts in F&O segment of NSE. RIL May 2020 futures were at 1,443, compared with spot closing price of 1440. Bharti Airtel May 2020 futures were at 592.40 compared with spot closing price of 594.55. Bajaj Finance May 2020 futures were 1,977.30, compared with spot closing price of 1983.50.

The F&O contracts for May will expire on 28 May 2020.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 21 2020. 16:33 IST
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