Nifty Dec 2019 futures trades at premium
The Nifty December 2019 futures were at 11,967, a premium of 29.5 points compared with the Nifty's closing of 11,937.50 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 9.91 lakh crore compared with Rs 10.03 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index rose 16 points or 0.13% to 11,937.50.
The NSE's India VIX up 7.55% at 14.67. A rise in volatility indicates instability in benchmark index.
On the options front, the Nifty option chain for 26 December 2019 expiry showed maximum call open interest (OI) of 23.38 lakh at the 12,000 strike price. Maximum put OI of 32.92 lakh contracts was seen at 12,000 strike price.
The option chain suggests that 12,000 will be crucial level for Nifty in December.
State Bank of India (SBI), Reliance Industries (RIL) and Axis Bank were the top traded individual stock futures contracts in F&O segment of NSE. SBI December 2019 futures were at 318.55, compared with spot closing price of 317.05. RIL December 2019 futures were at 1,576.90 compared with spot closing price of 1,572.95. Axis Bank December 2019 futures were at 733.75, compared with spot closing price of 732.35.
The December 2019 F&O contracts expire on Thursday, 26 December 2019.
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