Turnover spurts in derivatives segment on account of F&O expiry.
The Nifty March 2020 futures were at 11,618.80, a discount of 14.50 points compared with the Nifty's closing of 11,633.30 in the cash market.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 34.32 lakh crore compared with Rs 19.06 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index declined 45.20 points or 0.39% to 11,633.30.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 3.65% to 17.5925. A fall in volatility indicates stability in benchmark index.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 18.53 lakh at the 12,000 strike price. Maximum put OI of 24.21 lakh contracts was seen at 11,800 strike price. The option chain indicates that the Nifty will trade between 11,800 to 12,000 levels in March.
Yes Bank (up 0.55%) 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 and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE.
SBI March 2020 futures were at 322.90, compared with spot closing price of 321.65. RIL March 2020 futures were at 1,383.50 compared with spot closing price of 1380.45. ICICI Bank March 2020 futures were at 516.35, compared with spot closing price of 514.40.
The F&O contracts for March expire on 26 March 2020.
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