India VIX eases to 16.73
The Nifty February 2020 futures were at 11,834, a premium of 20.80 points compared with the Nifty's closing of 11,813.20 in the cash market.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 14.15 lakh crore compared with Rs 12.76 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index was down 16.2 points or 0.14% to 11,813.20.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 1.54% to 16.7350. A fall in volatility indicates instability in benchmark index.
On the options front, the Nifty option chain for 27 February 2020 expiry showed maximum call open interest (OI) of 52.68 lakh at the 12,000 strike price. Maximum put OI of 34.15 lakh contracts was seen at 11,800 strike price. The option chain indicates that the Nifty will trade between 11,800 to 12,000 levels in February.
Yes Bank (up 0.43%) was banned from trading in NSE's F&O segment for today after the security crossed 95% of market wide position limit.
State Bank of India (SBI), ICICI Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE.
SBI February 2020 futures were at 328.05, compared with spot closing price of 327.75. ICICI Bank February 2020 futures were at 531.70 compared with spot closing price of 530.90. Reliance Industries February 2020 futures were at 1,423.10, compared with spot closing price of 1420.
The F&O contracts for February expire on 27 February 2020.
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