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Nifty March futures trade at discount to spot price

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Capital Market
Last Updated : Mar 17 2016 | 4:47 PM IST

Turnover on NSE's F&O segment rises

The March 2016 futures on the 50-unit Nifty 50 index traded at 7492.10, a discount of 20.45 points over Nifty's closing of 7512.55 in the cash market. The Nifty April 2016 futures traded at 7,532.35, a premium of 19.80 points compared with the spot closing for the index. Turnover on the National Stock Exchange's (NSE) futures and options (F&O) totaled Rs 2.89 lakh crore, higher than turnover of Rs 2.46 lakh crore registered during the previous trading session.

In the cash market, the Nifty rose 13.80 points or 0.18% to settle at 7,512.55, its highest closing level since 14 March 2016.

ICICI Bank, Axis Bank, State Bank of India (SBI), Lupin and Reliance Infrastructure were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE. ICICI Bank March 2016 futures traded at 225.50, at a discount compared with spot closing of 225.55. Axis Bank March 2016 futures traded at 427.20, at a premium over spot closing of 426.65. SBI March 2016 futures traded at 184.90, at a discount compared with spot closing of 185.20.

Lupin March 2016 futures traded at 1676.45, at a premium over spot closing of 1668.95. Reliance Infrastructure March 2016 futures traded at 503.30, at a discount compared with spot closing of 511.35.

The March 2016 F&O contracts are set to expire on 31 March 2016. The April 2016 F&O contracts are set to expire on 28 April 2016.

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First Published: Mar 17 2016 | 4:23 PM IST

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