India VIX slumps to 55
The Nifty April 2020 futures were at 8,109, a premium of 25.20 points compared with the spot closing at 8,083.80.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 4.45 lakh crore compared with Rs 12.40 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index tumbled 170 points or 2.06% at 8,083.80.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 8.38% to 55.01, extending its losing streak for third consecutive session. VIX has slumped about 24% in last three trading session.
On the options front, the Nifty option chain for 30 April 2020 expiry showed maximum call open interest (OI) of 16.86 lakh at the 9,000 strike price. Maximum put OI of 22.41 lakh contracts was seen at 8,000 strike price.
Reliance Industries (RIL), ICICI Bank and State Bank of India (SBI) were the top traded individual stock futures contracts in F&O segment of NSE.
RIL April 2020 futures were at 1,090, compared with spot closing price of 1088. ICICI Bank April 2020 futures were at 287.40 compared with spot closing price of 288. SBI April 2020 futures were at 176.15, compared with spot closing price of 176.
The F&O contracts for April expire on 30 April 2020.
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