VIX crosses at 80 mark
The Nifty March 2020 futures were at 7,910.30, a premium 109.25 points compared with the spot closing at 7,801.05.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 5.50 lakh crore compared with Rs 4.16 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index jumped 190.8 or 2.51% at 7,801.05.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 13.82% to 81.94.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 18.89 lakh at the 12,000 strike price. Maximum put OI of 16.84 lakh contracts was seen at 7,000 strike price.
Reliance Industries, ICICI Bank and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE.
Reliance Industries March 2020 futures were at 950, compared with spot closing price of 946. ICICI Bank March 2020 futures were at 296.85 compared with spot closing price of 298.55. HDFC Bank March 2020 futures were at 777.05, compared with spot closing price of 774.80.
The F&O contracts for March expire on 26 March 2020.
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