Nifty futures at discount
The Nifty March 2020 futures were trading at 10,447, a discount of 4.45 points compared with the spot at 10,451.45.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 11.70 lakh crore compared with Rs 8.44 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index plummeted 538 points or 4.9% clost at 10,451.45. The Nifty recorded a second biggest fall in the last 5 years.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 21.1% to 31.055.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 28.84 lakh at the 12,000 strike price. Maximum put OI of 35.88 lakh contracts was seen at 10,000 strike price. The option chain indicates that the Nifty will trade between 10,000 to 12,000 levels in March.
Reliance Industries (RIL), State Bank of India (SBI) and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE.
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RIL March 2020 futures were at 1,109.20, compared with spot closing price of 1104.50. SBI March 2020 futures were at 253 compared with spot closing price of 252.30. ICICI Bank March 2020 futures were at 458.75, compared with spot closing price of 457.50.
The F&O contracts for March expire on 26 March 2020
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