VIX cools off 5%
The Nifty January 2020 futures were at 12,121, a discount of 8.5 points compared with the Nifty's closing of 12,129.50 in the cash market.In the cash market, the Nifty 50 index surged 73.7 points or 0.61% to 12,129.50.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 17.36 lakh crore compared with Rs 15.65 lakh crore reported in the previous session.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 5.17% to 16.4025.
On the options front, the Nifty option chain for 30 January 2020 expiry showed maximum call open interest (OI) of 52.83 lakh contracts at the 12,200 strike price. Maximum put OI of 35.47 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 January 2020 series. The January F&O contracts expire tomorrow (30 January).
Bajaj Finance, Reliance Industries and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE for January expiry.
Bajaj Finance January 2020 futures were at 4,431.50, compared with spot closing price of 4426.2. Reliance Industries January 2020 futures were at 1,479.90, compared with spot closing price of 1480. ICICI Bank January 2020 futures were at 527.85, compared with spot closing price of 526.90.
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