India VIX cools off 25% in six days
The Nifty April 2020 futures were at 9,526.55, a discount of 26.80 points compared with the spot closing at 9,553.35.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 11.78 lakh crore compared with Rs 9.04 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index gained 172.45 points or 1.84% and closed at 9,553.35.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 4.31% to 33.83. The index has lost 25% in six trading sessions.
On the options front, the Nifty option chain for 30 April 2020 expiry showed maximum call open interest (OI) of 25.05 lakh at the 10,000 strike price. Maximum put OI of 33.60 lakh contracts was seen at 9,000 strike price.
Reliance Industries (RIL), Axis Bank and Bajaj Finance were the top traded individual stock futures contracts in F&O segment of NSE. RIL April 2020 futures were at 1,427.15, compared with spot closing price of 1427. Axis Bank April 2020 futures were at 438.9 compared with spot closing price of 438.85. Bajaj Finance April 2020 futures were at 2,286.10, compared with spot closing price of 2287.
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The F&O contracts for April will expire tomorrow, 30 April 2020.
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