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Nifty July 2019 futures trade at discount

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Capital Market
Last Updated : Jul 09 2019 | 4:50 PM IST

Turnover in F&O segment declines

The Nifty July 2019 futures was at 11,550.05, a discount of 5.85 points compared with the Nifty's closing of 11,555.90 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 11.41 lakh crore compared with Rs 11.59 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index fell 2.7 points or 0.02% to settle at 11,555.90.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 1.85% at 13.5950.

On the options front, the Nifty option chain for 25 July 2019 expiry showed maximum call open interest (OI) of 31.26 lakh contracts at the 12,000 strike price. Maximum put OI of 17.57 lakh contracts was seen at 11,300 strike price. Options data suggested a trading range between 11,300 and 12,000 levels for the Nifty.

Bajaj Finance, Titan Company and Reliance Industries (RIL) were the top traded individual stock futures contracts in F&O segment of NSE.

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Bajaj Finance July 2019 futures were at 3,613.25, compared with spot closing price of 3,604. Titan Company July 2019 futures were at 1,103, compared with spot closing price of 1,099. Reliance Industries July 2019 futures were at 1,283.45, compared with spot closing price of 1,283.

The July 2019 F&O contracts expire on 25 July 2019.

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First Published: Jul 09 2019 | 3:58 PM IST

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