Turnover spurts on the expiry day
The Nifty December 2019 futures were at 12,186, a premium of 31.7 points compared with the Nifty's closing of 12,154.30 in the cash market.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 24.60 lakh crore compared with Rs 12.08 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index rose 53.60 points or 0.44% to 12,154.30.
The NSE's India VIX fell 4.84% at 13.91. A fall in volatility indicates stability in benchmark index.
On the options front, the Nifty option chain for 26 December 2019 expiry showed maximum call open interest (OI) of 17.19 lakh contracts at the 12,500 strike price. Call writing was witnessed at 12,500 strike price, which added 2.52 lakh contracts.
Maximum put OI of 30.42 lakh contracts was seen at 12,000 strike price. Significant put writing was seen at the 12,000 strike price, which added 7.11 lakh contracts.
The option chain suggests that the Nifty will trade between 12,000 and 12,500 level till December 2019 expiry. The December 2019 F&O contracts expire on Thursday, 26 December 2019.
SBI, Indiabulls Housing Finance and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. SBI December 2019 futures were at 350.05, compared with spot closing price of 349.10. Indiabulls Housing Finance December 2019 futures were at 341.75 compared with spot closing price of 341.40. ICICI Bank December 2019 futures were at 517.50, compared with spot closing price of 518.10.
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