Turnover drops
The July 2016 futures on the Nifty 50 index traded at 8553.85, a small premium of 12.65 points compared with Nifty's closing of 8541.20 in the cash market. The Nifty August 2016 futures traded at 8594.85, a decent premium of 53.65 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment dropped to Rs 3.14 lakh crore from turnover of Rs 4.78 lakh crore registered yesterday, 21 July 2016.
In the cash market, the Nifty gained 31.10 points or 0.36% to settle at 8,541.20, its highest closing level since 20 July 2016.
Biocon, Bharat Financial Inclusion, Vedanta, Mahindra & Mahindra Financial Services, Axis Bank and State Bank of India (SBI) were the top traded individual stock futures contracts in F&O segment of NSE. Biocon July 2016 futures traded at 815.50, at a discount compared with spot closing of 822. Bharat Financial Inclusion July 2016 futures traded at 845.50, near spot closing of 844.05. Vedanta July 2016 futures traded at 169, near spot closing of 168.95.
Mahindra & Mahindra Financial Services July 2016 futures traded at 305.30, near spot closing of 305. Axis Bank July 2016 futures traded at 538.20, near spot closing of 537. SBI July 2016 futures traded at 224.15, near spot closing of 223.45.
The July 2016 F&O contracts are set to expire on 28 July 2016. The August 2016 F&O contracts are set to expire on 25 August 2016.
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