Nifty September 2016 futures trade at premium to spot price
The September 2016 futures on the Nifty 50 index traded at 8733.10, premium of 10.05 points compared with Nifty's closing of 8723.05 in the cash market. The Nifty October 2016 futures traded at 8777.30, a premium of 54.25 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 4.85 lakh crore from turnover of Rs 3.36 lakh crore registered on Friday, 23 September 2016.
In the cash market, the Nifty fell 108.50 points or 1.23% to settle at 8,723.05, its lowest closing level since 12 September 2016.
Reliance Industries, HDFC Bank, Axis Bank, ICICI Bank and State Bank of India were the top traded individual stock futures contracts in F&O segment of NSE. Reliance Industries September 2016 futures traded at 1109.35, at a premium compared with spot closing of 1106.30. HDFC Bank September 2016 futures traded at 1301, at a premium compared with spot closing of 1299. Axis Bank September 2016 futures traded at 548.85, at a premium compared with spot closing of 547.
ICICI Bank September 2016 futures traded at 263.65, at a premium compared with spot closing of 263. State Bank of India September 2016 futures traded at 252.55, at a premium compared with spot closing of 251.90.
The September 2016 F&O contracts are set to expire on Thursday, 29 September 2016. The October 2016 F&O contracts are set to expire on 27 October 2016.
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