Turnover in F&O segment rises
The Nifty December 2019 futures were at 12,199, a premium of 34 points compared with the Nifty's closing of 12,165 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 9.99 lakh crore compared with Rs 8.62 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index rose 111.05 points or 0.92% to 12,165.
The NSE's India VIX down 6.50% at 12.5425. A fall in volatility indicates stability in benchmark index.
On the options front, the Nifty option chain for 26 December 2019 expiry showed maximum call open interest (OI) of 23.34 lakh at the 12,000 strike price. Maximum put OI of 48.46 lakh contracts was seen at 12,000 strike price. The option chain suggests that the Nifty will trade at 12,000 level in December.
Reliance Industries (RIL), State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) were the top traded individual stock futures contracts in F&O segment of NSE.
RIL December 2019 futures were at 1,572.90, compared with spot closing price of 1,567. SBI December 2019 futures were at 334.55 compared with spot closing price of 333.55. HDFC December 2019 futures were at 2,429.50, compared with spot closing price of 2,426.25.
The December 2019 F&O contracts expire on 26 December 2019.
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