Turnover in F&O segment jumps
The Nifty December 2019 futures were at 12,043.75, a premium of 25.35 points compared with the Nifty's closing of 12,018.40 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 30.97 lakh crore compared with Rs 18.09 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index fell 24.80 points or 0.21% to 12,018.40.
The NSE's India VIX fell 1.29% at 13.15. A rise in volatility indicates instability in benchmark index.
On the options front, the Nifty option chain for 26 December 2019 expiry showed maximum call open interest (OI) of 18.66 lakh at the 12,500 strike price. Maximum put OI of 32.33 lakh contracts was seen at 12,000 strike price.
The option chain suggests that the Nifty will trade between 12,000 and 12,500 level in December.
State Bank of India, ICICI Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE.
State Bank of India December 2019 futures were at 336.80, compared with spot closing price of 336. ICICI Bank December 2019 futures were at 527 compared with spot closing price of 527.45. Reliance Industries December 2019 futures were at 1,559, compared with spot closing price of 1,551.
The December 2019 F&O contracts expire on Thursday, 26 December 2019.
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