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Nifty July futures trade at premium to spot price

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Capital Market
Last Updated : Jun 24 2016 | 12:01 AM IST

Turnover on NSE's F&O segment rises

The June 2016 futures on the Nifty 50 index traded at 8289.20, at a premium of 18.75 points compared with Nifty's closing of 8270.45 in the cash market. The Nifty July 2016 futures traded at 8314.10, a premium of 43.65 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 3.57 lakh crore from turnover of Rs 2.61 lakh crore registered yesterday, 22 June 2016.

In the cash market, the Nifty rose 66.75 points or 0.81% to settle at 8,270.45, its highest closing level 8 June 2016.

Tata Motors, Yes Bank, State Bank of India (SBI), Sun Pharmaceutical Industries (Sun Pharma), Tata Steel and Axis Bank were the top traded individual stock futures contracts in F&O segment of NSE. Tata Motors June 2016 futures traded at 489.65, at a premium compared with spot closing of 487.75. Yes Bank June 2016 futures traded at 1113.50, near spot closing of 1112.75. SBI June 2016 futures traded at 217.40, at a discount compared with spot closing of 217.80.

Sun Pharma June 2016 futures traded at 754, at a premium compared with spot closing of 751.90. Tata Steel June 2016 futures traded at 334.20, at a premium to spot closing of 333. Axis Bank June 2016 futures traded at 526.75, at a premium compared with the stock's spot closing of 524.90.

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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First Published: Jun 23 2016 | 4:20 PM IST

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