Turnover spurted in F&O segment on account of monthly derivatives expiry.
The Nifty April 2020 futures were at 8,686.50, a premium 45.05 points compared with the spot closing at 8,641.45.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 14.46 lakh crore compared with Rs 6.81 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index jumped 323.60 or 3.89% at 8,641.45.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 8.4% to 71.10.
On the options front, the Nifty option chain for 30 April 2020 expiry showed maximum call open interest (OI) of 12.69 lakh at the 9,000 strike price. Maximum put OI of 17.05 lakh contracts was seen at 7,500 strike price.
ICICI Bank, SBI and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE.
ICICI Bank April 2020 futures were at 328.70, compared with spot closing price of 331.50. SBI April 2020 futures were at 194.95 compared with spot closing price of 193.25. HDFC Bank April 2020 futures were at 891, compared with spot closing price of 898.
The F&O contracts for April expire on 30 April 2020.
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