Nifty July futures trade at premium to spot price
The June 2016 futures on the Nifty 50 index traded at 8,104.25, at a premium of 9.55 points compared with Nifty's closing of 8,094.70 in the cash market. The Nifty July 2016 futures traded at 8,134.65, at a premium of 39.95 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment fell to Rs 4.09 lakh crore from turnover of Rs 6.48 lakh crore registered on Friday, 24 June 2016.
In the cash market, the Nifty rose 6.10 points or 0.08% to settle at 8,094.70, its highest closing level since 23 June 2016.
State Bank of India (SBI), Tata Motors, HDFC Bank, Yes Bank and Reliance Industries (RIL) were the top traded individual stock futures contracts in F&O segment of NSE. SBI June 2016 futures traded at 217.30, at a premium compared with spot closing of 216.80. Tata Motors June 2016 futures traded at 449.10, at a premium compared with spot closing of 447.95. HDFC Bank June 2016 futures traded at 1,151, at a discount compared with spot closing of 1,160.
Yes Bank June 2016 futures traded at 1,077.45, at a premium compared with spot closing of 1,073.20. RIL June 2016 futures traded at 955, at a premium to spot closing of 953.90.
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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