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Nifty December futures trade at premium

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Capital Market
Last Updated : Dec 02 2019 | 5:31 PM IST

VIX rises 2.19% to 14.20

The Nifty December 2019 futures were at 12,091, a premium of 42.8 points compared with the Nifty's closing of 12,048.20 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 8.16 lakh crore compared with Rs 7.78 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index fell 7.85 points or 0.07% to 12,048.20.

The NSE's India VIX rose 2.19% at 14.2025. 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 18.85 lakh contracts at the 12,500 strike price. Call writing was witnessed at 12,100 strike price, which added 1.71 lakh contracts.

Maximum put OI of 31.76 lakh contracts was seen at 12,000 strike price. Significant put writing was seen at the 12,000 strike price, which added 2.91 lakh contracts.

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The option chain suggests that the Nifty will trade between 12,000 and 12,500 level in December. The December 2019 F&O contracts expire on Thursday, 26 December 2019.

Reliance Industries, Bharti Airtel and Indiabulls Housing Finance were the top traded individual stock futures contracts in F&O segment of NSE. Reliance Industries December 2019 futures were at 1595.50, compared with spot closing price of 1586.90. Bharti Airtel December 2019 futures were at 463.05 compared with spot closing price of 460.70. Indiabulls Housing Finance December 2019 futures were at 302.15, compared with spot closing price of 302.35.

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First Published: Dec 02 2019 | 4:20 PM IST

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