Turnover in F&O segment rises
The Nifty March 2020 futures were at 11,145.30, a premium of 12.55 points compared with the Nifty's closing of 11,132.75 in the cash market.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 12.16 lakh crore compared with Rs 10.04 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index shed 69 points or 0.62% at 11,132.75.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 8.46% to 25.20.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 24.71 lakh at the 12,000 strike price. Maximum put OI of 23.76 lakh contracts was seen at 11,800 strike price. The option chain indicates that the Nifty will trade between 11,800 to 12,000 levels in March.
State Bank of India (SBI), ICICI Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE.
SBI March 2020 futures were at 288.50, compared with spot closing price of 287.60. ICICI Bank March 2020 futures were at 507.10 compared with spot closing price of 505.90. Reliance Industries March 2020 futures were at 1,303.50, compared with spot closing price of 1322.
The F&O contracts for March expire on 26 March 2020.
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