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Nifty June futures trade at discount

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Capital Market

India VIX rises 1.5% to 33.47.

The Nifty June 2020 futures were at 9,850.15, a discount of 31 points compared with the spot closing at 9,881.15.

Turnover on the National Stock Exchange's F&O segment was at Rs 16.67 lakh crore compared with Rs 16.92 lakh crore in the previous session.

In the cash market, the Nifty 50 index declined 32.85 points or 0.33% to end at 9,881.15.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 1.53% to 33.47.

On the options front, the Nifty option chain for 25 June 2020 expiry showed maximum call open interest (OI) of 24.87 lakh at the 10,000 strike price. Maximum put OI of 38.53 lakh contracts was seen at 9,000 strike price.

 

Adani Enterprises (up 0.82%), Vodafone Idea (up 0.51%), Jindal Steel (down 3.07%) and Just Dial (down 2.36%) were banned from trading in NSE's F&O segment after the securities crossed 95% of the market-wide position limit.

Reliance Industries, Bharti Airtel and Axis Bank were the top traded individual stock futures contracts in F&O segment of NSE. RIL June 2020 futures were at 1,609, compared with spot closing price of 1611.85. Bharti Airtel June 2020 futures were at 562.95 compared with spot closing price of 563.50. Axis Bank June 2020 futures were at 388.60, compared with spot closing price of 388.60.

The F&O contracts for June will expire on 25 June 2020.

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First Published: Jun 17 2020 | 4:06 PM IST

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