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Nifty August 2019 futures at premium

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Capital Market

RIL, SBI and Axis Bank most active in futures segment.

The Nifty August 2019 futures was at 11,073, a premium of 40.55 points compared with the Nifty's closing of 11,032.45 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 27.72 lakh crore compared with Rs 15.34 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index rose 176.95 points or 1.63% to settle at 11,032.45.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 1.95% at 16.4125.

On the options front, the Nifty option chain for 29 August 2019 expiry showed maximum call open interest (OI) of 23.54 lakh contracts at the 11,500 strike price. Maximum put OI of 34.21 lakh contracts was seen at 11,000 strike price. Options data suggested a trading range between 11,000 and 11,500 levels for the Nifty.

 

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

Reliance Industries (RIL) August 2019 futures were at 1,159.60, compared with spot closing price of 1,156.65. State Bank of India (SBI) August 2019 futures were at 296.80, compared with spot closing price of 295.20. Axis Bank August 2019 futures were at 664.65 compared with spot closing price of 661.40.

The August 2019 F&O contracts expire on 29 August 2019.

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First Published: Aug 08 2019 | 4:55 PM IST

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