VIX slides below 16

October 17,2019

The Nifty October 2019 futures were at 11,598.30, a premium 11.95 points compared with the Nifty's closing of 11,586.35 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 26.50 lakh crore compared with Rs 12.07 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index rose 122.35 points or 1.07% to settle at 11,586.35.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 3.08% at 15.855.

On the options front, the Nifty option chain for 31 October 2019 expiry showed maximum call open interest (OI) of 22.56 lakh contracts at the 12,000 strike price. Maximum put OI of 30.68 lakh contracts was seen at 11,000 strike price. Options data suggested a trading range between 11,000 and 12,000 levels for the Nifty in October series.

State Bank of India (SBI), Bajaj Finance and Axis Bank were the top traded individual stock futures contracts in F&O segment of NSE. SBI October 2019 futures were at 265.5 compared with spot closing price of 265.3. Bajaj Finance October 2019 futures were at 4,110.60, compared with spot closing price of 4096. Axis Bank October 2019 futures were at 711.70, compared with spot closing price of 710.35.

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

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