Turnover spurts in F&O segment

October 10,2019

The Nifty October 2019 futures were at 11,258.40, a premium of 23.85 points compared with the Nifty's closing of 11,234.55 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 25.59 lakh crore compared with Rs 15.58 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index fell 78.75 points or 0.7% to settle at 11,234.55. The index closed below its 200-day simple moving average placed at 11,268.83.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.24% at 17.1975.

On the options front, the Nifty option chain for 31 October 2019 expiry showed maximum call open interest (OI) of 24.85 lakh contracts at the 11,500 strike price. Maximum put OI of 25.89 lakh contracts was seen at 11,000 strike price. Options data suggested a trading range between 11,000 and 11,500 levels for the Nifty in October series. A bout of volatility was observed amid weekly index options expiry on NSE.

IndusInd Bank, Reliance Industries and SBI were the top traded individual stock futures contracts in F&O segment of NSE. IndusInd Bank October 2019 futures were at 1,233.70, compared with spot closing price of 1229.55. Reliance Industries October 2019 futures were at 1,362.70 compared with spot closing price of 1360.15. SBI October 2019 futures were at 254.80, compared with spot closing price of 254.15.

The October 2019 F&O contracts expire on 31 October 2019.

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