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Nifty November 2019 futures trades at a premium
(04 Nov 2019, 17:05)

The Nifty November 2019 futures was at 11,988.85, a premium of 43.7 points compared with the Nifty's closing of 11,945.15 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 8.17 lakh crore compared with Rs 6.19 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index rose 54.55 points or 0.46% to settle at 11,945.15.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 1.08% at 15.9025.

On the options front, the Nifty option chain for 28 November 2019 expiry showed maximum call open interest (OI) of 18.92 lakh contracts at the 12,000 strike price. Maximum put OI of 19.22 lakh contracts was seen at 11,600 strike price. Options data suggested a trading range between 11,600 and 12,000 levels for the Nifty.

Infosys, Housing Development Finance Corporation (HDFC) and State Bank of India were the top traded individual stock futures contracts in F&O segment of NSE.

Infosys November 2019 futures were at 712, compared with spot closing price of 710.10. HDFC November 2019 futures were at 2,189.80 compared with spot closing price of 2,179.80. State Bank of India November 2019 futures were at 315.30, compared with spot closing price of 314.

The November 2019 F&O contracts expires on 28 November 2019.

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