As the markets have largely taken to a downward trend amid high bond yields in the US, small and mid-cap stocks continue to buck the bearish trend. An ICICI Securities report said that although the Nifty50 is down around 2 per cent from its recent peak, there is no sign of any sharp increase in risk aversion. While the benchmark NIFTY50 index is down 2 per cent from the recent peak of 15,300, there is no sign of any sharp increase in risk aversion given the moderate increase in fear index (VIX at 25) and outperformance of strategies such as high beta (up 4 per cent), CPSE (9 per cent), smallcaps (5 per cent), midcaps (3 per cent) and dividend yield (2 per cent) strategies continuing to outperform, it said.
Nifty Feb futures trade at premiumThe 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.