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Nifty April futures trade at premium

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Capital Market

VIX holds above 70 level

The Nifty April 2020 futures were at 8,301.15, a premium 20.05 points compared with the spot closing at 8,281.10.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 4.61 lakh crore compared with Rs 4.29 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index fell 379.15 points or 4.38% at 8,281.10.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 1.53% to 71.4650.

On the options front, the Nifty option chain for 30 April 2020 expiry showed maximum call open interest (OI) of 14.86 lakh at the 9,000 strike price. Maximum put OI of 18.35 lakh contracts was seen at 8,000 strike price.

 

Axis Bank, Reliance Industries and SBI and were the top traded individual stock futures contracts in F&O segment of NSE.

Axis Bank April 2020 futures were at 371, compared with spot closing price of 368.20. Reliance Industries April 2020 futures were at 1039 compared with spot closing price of 1031.50. SBI April 2020 futures were at 187.15, compared with spot closing price of 186.8.

The F&O contracts for April expire on 30 April 2020

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First Published: Mar 30 2020 | 5:18 PM IST

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