NSE's volatility index jumps

F&O turnover spurts

The Nifty July 2010 futures were at 5247.25, at a premium of 6.15 points over spot closing of 5241.10. Turnover in NSE's futures & options (F&O) segment jumped to Rs 69053.31 crore from Rs 59652.35 crore on Tuesday, 6 July 2010.



NSE's volatility index India VIX, which is a gauge of traders' perception of near-term risks in the market based on options prices, jumped 5.79% to 22.11. The index had lost 4.96% to 20.90 on Tuesday, 6 July 2010. India VIX is calculated based on the S&P CNX Nifty options prices. India VIX is a measure of the market's expectation of volatility over the next 30 calendar days.

In the cash market, the Nifty plunged 47.95 points or 0.91% at 5241.10.