VIX jumps 12%
The Nifty March 2020 futures were trading at 10,927.50, a discount of 61.95 points compared with the spot at 10,989.45.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 8.44 lakh crore compared with Rs 37.12 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index plummeted 279.55 points or 2.48% to 10,989.45, its lowest closing level since 19 September 2019.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 11.7% to 25.96.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 30.45 lakh at the 12,000 strike price. Maximum put OI of 31.08 lakh contracts was seen at 11,000 strike price. The option chain indicates that the Nifty will trade between 11,000 to 12,000 levels in March.
Yes Bank (down 54.89%) was banned from trading in NSE's F&O segment for today after the security crossed 95% of market wide position limit.
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State Bank of India (SBI), ICICI Bank and Bajaj Finance were the top traded individual stock futures contracts in F&O segment of NSE.
SBI March 2020 futures were at 269.70, compared with spot closing price of 269.80. ICICI Bank March 2020 futures were at 486.70 compared with spot closing price of 485.75. Bajaj Finance March 2020 futures were at 4,224.00, compared with spot closing price of 4238.0.
The F&O contracts for March expire on 26 March 2020.
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