Nifty September 2019 futures trade at premium
The Nifty September 2019 futures was at 11,015, a premium of 66.7 points compared with the Nifty's closing of 10,948.30 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 28.04 lakh crore compared with Rs 14.63 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index fell 97.80 points or 0.89% to settle at 10,948.30.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 3.34% at 16.2725.
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On the options front, the Nifty option chain for 26 September 2019 expiry showed maximum call open interest (OI) of 27.42 lakh contracts at the 11,700 strike price. Maximum put OI of 23.70 lakh contracts was seen at 11,000 strike price. Options data suggested a trading range between 11,000 and 11,700 levels for the Nifty during September expiry.
State Bank of India (SBI), Reliance Industries (RIL) and HDFC Bank and were the top traded individual stock futures contracts in F&O segment of NSE. SBI September 2019 futures were at 276.60, compared with spot closing price of 275.50. RIL September 2019 futures were at 1,249.40 compared with spot closing price of 1,242.05. HDFC Bank September 2019 futures were at 2,236, compared with spot closing price of 2,225.50.
The September 2019 F&O contracts expires on 26 September 2019.
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