Turnover on NSE's F&O segment drops
The June 2016 futures on the Nifty 50 index traded at 8,283.50, a premium of 10.45 points compared with the Nifty's closing of 8,273.05 in the cash market. The Nifty July 2016 futures traded at 8,307.35, a premium of 33.75 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment totaled Rs 1.71 lakh crore, which was lower than turnover of Rs 2.41 lakh crore registered during the previous trading session.
In the cash market, the Nifty 50 index rose 6.60 points or 0.08% to settle at 8,273.05, its highest closing level since 23 October 2015.
State Bank of India (SBI), ICICI Bank, Yes Bank, Tata Steel and Tata Motors were the top traded individual stock futures contracts in the June 2016 series. SBI June 2016 futures traded at 209.45, at a slight discount compared with spot closing of 209.90. ICICI Bank June 2016 futures traded at 252.60, at a steep discount compared with spot closing of 257.25. Yes Bank June 2016 futures traded at 1055, at a discount compared with spot closing of 1058.80.
Tata Steel June 2016 futures traded at 342.25, at a premium compared with spot closing of 341.50. Tata Motors June 2016 futures traded at 468, at a premium compared with spot closing of 465.
The June 2016 F&O contracts are set to expire on 30 June 2016. The July 2016 F&O contracts are set to expire on 28 July 2016.
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