Nifty September futures trade at premium to spot price
The September 2016 futures on the Nifty 50 index traded at 8,639, at a premium of 46.80 points compared with Nifty's closing of 8,592.20 in the cash market. The Nifty October 2016 futures traded at 8,676, at a premium of 83.80 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment spurted to Rs 7.43 lakh crore from turnover of Rs 4.8 lakh crore registered yesterday, 24 August 2016. The August 2016 F&O contracts expired today, 25 August 2016.
In the cash market, the Nifty lost 58.10 points or 0.67% to settle at 8,592.20, its lowest closing level since 11 August 2016.
State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank and Reliance Industries (RIL) were the top traded individual stock futures contracts in F&O segment of NSE. SBI September 2016 futures traded at 250.90, at a premium compared with spot closing of 249.50. ICICI Bank September 2016 futures traded at 248.45, at a premium compared with spot closing of 247. HDFC Bank September 2016 futures traded at 1,268.20, at a premium compared with spot closing of 1,259.
Axis Bank September 2016 futures traded at 588, at a premium compared with spot closing of 586. RIL September 2016 futures traded at 1,020.90, at a discount compared with spot closing of 1,013.95.
The September 2016 F&O contracts are set to expire on 29 September 2016. The October 2016 F&O contracts are set to expire on 27 October 2016.
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