Nifty January 2020 futures traded at a premium.
The Nifty January 2020 futures were at 12,040, a premium of 46.95 points compared with the Nifty's closing of 11,993.05 in the cash market.In the cash market, the Nifty 50 index slumped 233.6 points or 1.91% to 11,993.05.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 12.96 lakh crore compared with Rs 9.55 lakh crore reported in the previous session.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, surged 16.6% to 14.8025.
On the options front, the Nifty option chain for 30 January 2020 expiry showed maximum call open interest (OI) of 26.26 lakh contracts at the 12,500 strike price. Maximum put OI of 40.77 lakh contracts was seen at 12,000 strike price.
The option chain indicates that Nifty will hover between 12,000 and 12,500 in the January 2020 series.
State Bank of India (SBI), Bajaj Finance and Reliance Industries (RIL) and were the top traded individual stock futures contracts in F&O segment of NSE for January expiry.
SBI January 2020 futures were at 319.20, compared with spot closing price of 318.40. Bajaj Finance January 2020 futures were at 4,020.70 compared with spot closing price of 4004. RIL January 2020 futures were at 1,509.40, compared with spot closing price of 1499.90.
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