India VIX soars 29%
The Nifty March 2020 futures were at 11,158, a discount of 61.20 points compared with the Nifty's closing of 11,219.20 in the cash market.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 10.04 lakh crore compared with Rs 34.32 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index shed 431.55 points or 3.71% at 11,201.75.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, soared 28.75% to 22.8725.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 23.14 lakh at the 12,000 strike price. Maximum put OI of 22.38 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.
State Bank of India (SBI), Bajaj Finance and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE.
SBI March 2020 futures were at 303.05, compared with spot closing price of 304.60. Bajaj Finance March 2020 futures were at 4,473.55 compared with spot closing price of 4500. ICICI Bank March 2020 futures were at 498.40, compared with spot closing price of 498.95.
The F&O contracts for March expire on 26 March 2020.
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