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Nifty January 2016 futures trade at small premium to spot price

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Capital Market
Last Updated : Jan 18 2016 | 8:29 PM IST

Turnover on NSE's F&O segment jumps

The January 2016 futures on the 50-unit Nifty 50 index traded at 7368, a premium of 17 points compared with Nifty's closing of 7351 in the cash market. The Nifty February 2016 futures traded at 7388, a premium of 37 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures and options (F&O) segment surged to Rs 3.14 lakh crore from turnover of Rs 2.63 lakh crore registered during the previous trading session.

In the cash market, the Nifty lost 86.80 points or 1.16% to settle at 7,351, its lowest closing level since 30 May 2014.

Reliance Industries (RIL), State Bank of India (SBI), Reliance Infrastructure (RInfra), Axis Bank, ICICI Bank and HDFC Bank were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE.

RIL January 2016 futures traded at 1024.80, near spot closing of 1020.40. SBI January 2016 futures traded at 181.70, near spot closing of 180.85. RInfra January 2016 futures traded at 469.75, near spot closing of 468.15.

Axis Bank January 2016 futures traded at 376, near spot closing of 374.10. ICICI Bank January 2016 futures traded at 224.85, near spot closing of 224.10. HDFC Bank January 2016 futures traded at 1025, near spot closing of 1023.65

The January 2016 F&O contracts are set to expire on 28 January 2016. The February 2016 F&O contracts are set to expire on 25 February 2016.

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First Published: Jan 18 2016 | 4:35 PM IST

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