VIX declines 4% and closes below 16
The Nifty November 2019 futures were at 11,936.15, a premium of 36.65 points compared with the Nifty's closing of 11,899.50 in the cash market.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 6.19 lakh crore compared with Rs 26.20 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index rose 22.05 points or 0.19% and closed at 11,899.50.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 4.05% at 15.62. A fall in volatility index indicates firmness in benchmark index.
On the options front, the Nifty option chain for 28 November 2019 expiry showed maximum call open interest (OI) of 17.91 lakh contracts at the 12,000 strike price. Maximum put OI of 18.82 lakh contracts was seen at 11,600 strike price. Options data suggested a trading range between 11,600 and 12,000 levels for the Nifty.
State Bank of India, Zee Entertainment Enterprises and Dr. Reddy's Laboratories were the top traded individual stock futures contracts in F&O segment of NSE.
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State Bank of India November 2019 futures were at 314.10, compared with spot closing price of 313.60. Zee Entertainment Enterprises November 2019 futures were at 308.25 compared with spot closing price of 308.70. Dr. Reddy's Laboratories November 2019 futures were at 2,763.20, compared with spot closing price of 2750.00.
The November 2019 F&O contracts expire on 28 November 2019.
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