VIX slumps 4% as stocks rally
Published on Feb 24, 2021 17:40
The Nifty February 2021 futures were at 15,000.15, at a premium of 18.15 to Nifty`s spot closing of 14,982.
Turnover on the National Stock Exchange`s futures & options (F&O) segment was Rs 30.59 lakh crore compared with Rs 40.32 lakh crore in the previous session.
In the cash market, the Nifty 50 index surged 274.2 points or 1.86% to 14,982.
The NSE`s India VIX, a gauge of market`s expectation of volatility over the near term, fell 4.2% to 24.1675.
SBI, HDFC Bank and ICICI Bank were the top traded stock futures contracts in F&O segment for February expiry.
The February F&O contracts will expire on 25 February 2021.
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