Nifty September futures trade at premium
The Nifty September 2019 futures was at 10,813.80, a premium of 15.9 points compared with the Nifty's closing of 10,797.90 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 9.31 lakh crore compared with Rs 9.28 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index tumbled 225.35 points or 2.04% to settle at 10,797.9.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 11.43% at 18.145.
On the options front, the Nifty option chain for 26 September 2019 expiry showed maximum call open interest (OI) of 22.48 lakh contracts at the 11,700 strike price. Maximum put OI of 28.35 lakh contracts was seen at 10,800 strike price. Options data suggested a trading range between 10,800 and 11,700 levels for the Nifty during September expiry.
ICICI Bank, Reliance Industries (RIL) and SBI were the top traded individual stock futures contracts in F&O segment of NSE. ICICI Bank September 2019 futures were at 393.05, compared with spot closing price of 391.85. RIL September 2019 futures were at 1,207 compared with spot closing price of 1,200.45. SBI September 2019 futures were at 268.3, compared with spot closing price of 268.15.
The September 2019 F&O contracts expires on 26 September 2019.
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