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Nifty May futures trade at discount

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Capital Market

India VIX stable at 38.11

The Nifty May 2020 futures were at 9,125, a discount of 11.85 points compared with the spot closing at 9,136.85.

Turnover on the National Stock Exchange's futures & options (F&O) segment was at Rs 5.61 lakh crore compared with Rs 23.82 lakh crore in the previous session.

In the cash market, the Nifty 50 index fell 5.9 points or 0.06% and closed at 9,136.85.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 0.17% to 38.1175.

On the options front, the Nifty option chain for 28 May 2020 expiry showed maximum call open interest (OI) of 21.84 lakh at the 10,000 strike price. Maximum put OI of 24.73 lakh contracts was seen at 9,000 strike price.

 

Reliance Industries (RIL), Bharti Airtel and Bajaj Finance were the top traded individual stock futures contracts in F&O segment of NSE. RIL May 2020 futures were at 1,458, compared with spot closing price of 1453.20. Bharti Airtel May 2020 futures were at 555 compared with spot closing price of 554.80. Bajaj Finance May 2020 futures were at 2,082, compared with spot closing price of 2086.

The F&O contracts for May will expire on 28 May 2020.

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First Published: May 15 2020 | 4:27 PM IST

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