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.