Nifty September 2019 futures at premium

The Nifty September 2019 futures was at 10,841, a premium of 23.40 points compared with the Nifty's closing of 10,817.60 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 13.66 lakh crore compared with Rs 10.16 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index declined 185.90 points or 1.69% to settle at 10,817.60.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 6.97% at 15.995.

On the options front, the Nifty option chain for 26 September 2019 expiry showed maximum call open interest (OI) of 35.32 lakh contracts at the 11,200 strike price. Maximum put OI of 38.36 lakh contracts was seen at 10,800 strike price. Options data suggested a trading range between 10,800 and 11,200 levels for the Nifty.

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

Axis Bank September 2019 futures were at 641, compared with spot closing price of 639.50. HDFC September 2019 futures were at 2,004 compared with spot closing price of 1,995.60. ICICI Bank September 2019 futures were at 400.75, compared with spot closing price of 400.25.

The September 2019 F&O contracts expires on 26 September 2019.

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