Turnover spurts in derivatives segment on account of index options expiry.
The Nifty March 2020 futures were trading at 11,245, a discount of 24 points compared with the spot at 11,269.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 37.12 lakh crore compared with Rs 19.40 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index was up 18 points or 0.16% at 11,269.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 3.58% to 23.35.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 26.83 lakh at the 12,000 strike price. Maximum put OI of 32.21 lakh contracts was seen at 11,000 strike price. The option chain indicates that the Nifty will trade between 11,000 to 12,000 levels in March.
Yes Bank (up 26.96%) 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), Reliance Industries (RIL) and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE.
SBI March 2020 futures were at 288.90, compared with spot closing price of 287.55. RIL March 2020 futures were at 1,315.00 compared with spot closing price of 1309.90. ICICI Bank March 2020 futures were at 504.40, compared with spot closing price of 504.
The F&O contracts for March expire on 26 March 2020.
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