VIX cools off 9%
The Nifty February 2020 futures were at 11,966.70, a discount of 12.95 points compared with the Nifty's closing of 11,979.65 in the cash market.In the cash market, the Nifty 50 index surged 271.75 points or 2.32% to 11,979.65.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 16.47 lakh crore compared with Rs 13.32 lakh crore reported in the previous session.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 9.2% to 14.330.
On the options front, the Nifty option chain for 27 February 2020 expiry showed maximum call open interest (OI) of 19.24 lakh contracts at the 12,500 strike price. Maximum put OI of 25.27 lakh contracts was seen at 12,000 strike price.
The option chain indicates that Nifty will hover between 12,000 and 12,200 in the February 2020 series.
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SBI, Titan Company and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE for February expiry.
SBI February 2020 futures were at 306.50, compared with spot closing price of 305.9. Titan Company February 2020 futures were at 1,271.15, compared with spot closing price of 1273. Reliance Indsutries February 2020 futures were at 1,423.50, compared with spot closing price of 1427.50.
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