Nifty Futures trade at premium
The Nifty September 2019 futures was at 11,068.10, a premium of 44.85 points compared with the Nifty's closing of 11,023.25 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 9.28 lakh crore compared with Rs 28.04 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index rose 74.95 points or 0.68% to settle at 11,023.25.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 0.88% at 16.28.
On the options front, the Nifty option chain for 26 September 2019 expiry showed maximum call open interest (OI) of 22.54 lakh contracts at the 11,700 strike price. Maximum put OI of 25.97 lakh contracts was seen at 10,800 strike price. Options data suggested a trading range between 10,800 and 11,700 levels for the Nifty during September expiry.
State Bank of India (SBI), Reliance Industries (RIL) and Axis Bank and were the top traded individual stock futures contracts in F&O segment of NSE. SBI September 2019 futures were at 273.35, compared with spot closing price of 273.4. RIL September 2019 futures were at 1,257.5 compared with spot closing price of 1,253. Axis Bank September 2019 futures were at 664.5, compared with spot closing price of 665.5.
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The September 2019 F&O contracts expires on 26 September 2019.
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