Nifty August 2019 futures trade at premium
The Nifty August 2019 futures was at 11,128, a premium of 10 points compared with the Nifty's closing of 11,118 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 15.25 lakh crore compared with Rs 13.60 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index rose 32.60 points or 0.29% to settle at 11,118.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.38% at 13.665.
On the options front, the Nifty option chain for 29 August 2019 expiry showed maximum call open interest (OI) of 19.81 lakh contracts at the 11,500 strike price. Maximum put OI of 35.08 lakh contracts was seen at 11,000 strike price. Options data suggested a trading range between 11,000 and 11,500 levels for the Nifty.
Axis Bank, State Bank of India (SBI) and Reliance Industries (RIL) were the top traded individual stock futures contracts in F&O segment of NSE.
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Axis Bank August 2019 futures were at 678.20, compared with spot closing price of 674.80. State Bank of India (SBI) August 2019 futures were at 333.80, compared with spot closing price of 332.50. Reliance Industries (RIL) August 2019 futures were at 1,164.60, compared with spot closing price of 1,165.20.
The August 2019 F&O contracts expire on 29 August 2019.
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