Turnover spurts in derivatives segment on account of F&O expiry.
The Nifty February 2020 futures were at 12,045.95, a premium of 10.15 points compared with the Nifty's closing of 12,035.80 in the cash market.In the cash market, the Nifty 50 index tumbled 93.7 points or 0.77% to 12,035.80.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 31.20 lakh crore compared with Rs 17.36 lakh crore reported in the previous session.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, spurted 2.16% to 16.855.
On the options front, the Nifty option chain for 27 February 2020 expiry showed maximum call open interest (OI) of 15.71 lakh contracts at the 12,200 strike price. Maximum put OI of 26.53 lakh contracts was seen at 12,000 strike price.
The option chain indicates that Nifty will hover between 12,000 and 12,200 in the February 2020 series. The January F&O contracts expired today, 30 January 2020.
Reliance Industries, SBI and Bajaj Finance were the top traded individual stock futures contracts in F&O segment of NSE for February expiry.
Reliance Industries February 2020 futures were at 1,446.90, compared with spot closing price of 1443.00. SBI February 2020 futures were at 311.50, compared with spot closing price of 310. Bajaj Finance February 2020 futures were at 4,382.60, compared with spot closing price of 4358.
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