India VIX cools off 3%
The Nifty May 2020 futures were at 9,041, a premium of 1.75 points compared with the spot closing at 9,039.25.
Turnover on the National Stock Exchange’s futures & options (F&O) segment was at Rs 8.33 lakh crore compared with Rs 23.43 lakh crore in the previous session.
In the cash market, the Nifty 50 index fell 67 points or 0.74% to 9,039.25.
The NSE’s India VIX, a gauge of market’s expectation of volatility over the near term, declined 2.37% to 32.20.
On the options front, the Nifty option chain for 28 May 2020 expiry showed maximum call open interest (OI) of 30.78 lakh at the 10,000 strike price. Maximum put OI of 33.54 lakh contracts was seen at 9,000 strike price.
Reliance Industries (RIL), Bajaj Finance and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. RIL May 2020 futures were at 1,436, compared with spot closing price of 1433. Bajaj Finance May 2020 futures were at 1,890.30 compared with spot closing price of 1899.90. ICICI Bank May 2020 futures were at 292.35, compared with spot closing price of 292.40.
The F&O contracts for May will expire on 28 May 2020.
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