VIX cools off 2%
The Nifty January 2020 futures were at 12,362.30, a premium of 32.70 points compared with the Nifty's closing of 12,395 in the cash market.In the cash market, the Nifty 50 index gained 32.75 points or 0.27% to 12,362.30.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 10.44 lakh crore compared with Rs 8.74 lakh crore reported in the previous session.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 2.2% to 13.96.
On the options front, the Nifty option chain for 30 January 2020 expiry showed maximum call open interest (OI) of 27.33 lakh contracts at the 12,500 strike price. Maximum put OI of 45.72 lakh contracts was seen at 12,000 strike price.
The option chain indicates that Nifty will hover between 12,000 and 12,500 in the January 2020 series.
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Yes Bank (down 8.31%) was banned from trading in NSE's F&O segment after the security crossed 95% of market wide position limit.
IndusInd Bank, Tata Global Beverage and SBI were the top traded individual stock futures contracts in F&O segment of NSE for January expiry.
IndusInd Bank January 2020 futures were at 1,485.90, compared with spot closing price of 1478.20. Tata Global Beverage January 2020 futures were at 387.75, compared with spot closing price of 389.10. SBI January 2020 futures were at 329.60, compared with spot closing price of 328.10.
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