India VIX jumps 8%
The Nifty February 2020 futures were at 11,698, a premium of 19.5 points compared with the Nifty’s closing of 11,678.50 in the cash market.
Turnover on the National Stock Exchange’s futures & options (F&O) segment was Rs 19.06 lakh crore compared with Rs 14.15 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index tanked 119.40 points or 1.01% to 11,678.50.
The NSE’s India VIX, a gauge of market’s expectation of volatility over the near term, jumped 8.27% to 18.2950. A rise in volatility indicates instability in benchmark index.
On the options front, the Nifty option chain for 27 February 2020 expiry showed maximum call open interest (OI) of 47.32 lakh at the 12,000 strike price. Maximum put OI of 30.33 lakh contracts was seen at 11,700 strike price. The option chain indicates that the Nifty will trade between 11,700 to 12,000 levels in February.
Yes Bank (up 4.98%) was banned from trading in NSE’s F&O segment for today after the security crossed 95% of market wide position limit.
State Bank of India (SBI), Reliance Industries and HDFC were the top traded individual stock futures contracts in F&O segment of NSE.
SBI February 2020 futures were at 328.55, compared with spot closing price of 328.15. RIL February 2020 futures were at 1,391.80 compared with spot closing price of 1389.50. HDFC February 2020 futures were at 2,279.30, compared with spot closing price of 2276.50.
The F&O contracts for February expire tomorrow, 27 February 2020.
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