Turnover spurts in derivatives segment due to expiry of index options.
The Nifty February 2020 futures were at 12,081.20, a premium of 0.35 points compared with the Nifty's closing of 12,080.85 in the cash market.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 33.14 lakh crore compared with Rs 17.38 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index fell 45.05 points or 0.37% to 12,080.85.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 2.31% to 13.6975. A fall in volatility indicates stability in benchmark index.
On the options front, the Nifty option chain for 27 February 2020 expiry showed maximum call open interest (OI) of 34.88 lakh at the 12,200 strike price. Maximum put OI of 44.55 lakh contracts was seen at 12,000 strike price. The option chain indicates that the Nifty will trade between 12,000 to 12,200 levels in February.
NCC (down 2.44%) and Yes Bank (up 0.71%) were banned from trading in NSE's F&O segment for today after the securities crossed 95% of market wide position limit.
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State Bank of India (SBI), Indiabulls Housing Finance and Escorts were the top traded individual stock futures contracts in F&O segment of NSE.
SBI February 2020 futures were at 327.95, compared with spot closing price of 327.90. Indiabulls Housing Finance February 2020 futures were at 337.40 compared with spot closing price of 336. Escorts February 2020 futures were at 882.55, compared with spot closing price of 879.
The F&O contracts for February expire on 27 February 2020.
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