Turnover spurted in F&O segment due to monthly derivatives expiry.
The Nifty May 2020 futures were at 9,815, a discount of 44.9 points compared with the spot closing at 9,859.90.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 26.71 lakh crore compared with Rs 11.78 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index gained 306.55 points or 3.21% and closed at 9,859.90.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.32% to 33.9475.
On the options front, the Nifty option chain for 28 May 2020 expiry showed maximum call open interest (OI) of 9.82 lakh at the 9,500 strike price. Maximum put OI of 25.09 lakh contracts was seen at 9,000 strike price.
Reliance Industries (RIL), ICICI Bank and HDFC were the top traded individual stock futures contracts in F&O segment of NSE. RIL May 2020 futures were at 1,466, compared with spot closing price of 1464. ICICI Bank May 2020 futures were at 378.75 compared with spot closing price of 377.70. HDFC May 2020 futures were at 1,911.50, compared with spot closing price of 1916.15.
The F&O contracts for May will expire on 28 May 2020.
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