Nifty September 2016 futures trade at premium to spot price
The September 2016 futures on the Nifty 50 index traded at 8759.10, premium of 13.95 points compared with Nifty's closing of 8745.15 in the cash market. The Nifty October 2016 futures traded at 8806.75, a premium of 61.60 points compared with the spot closing for the index.
Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 5.95 lakh crore from turnover of Rs 5.24 lakh crore registered yesterday, 27 September 2016.
In the cash market, the Nifty rose 38.75 points or 0.45% to settle at 8,745.15, its highest closing level since 23 September 2016.
State Bank of India, Punjab National Bank, Yes Bank, Axis Bank and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE. State Bank of India September 2016 futures traded at 254.50, at a premium compared with spot closing of 254. Punjab National Bank September 2016 futures traded at 146.80, at a premium compared with spot closing of 146.75. Yes Bank September 2016 futures traded at 1269, at a discount compared with spot closing of 1270.90.
Axis Bank September 2016 futures traded at 550.30, at a premium compared with spot closing of 549.30. HDFC Bank September 2016 futures traded at 1300, at a premium compared with spot closing of 1295.90.
The September 2016 F&O contracts are set to expire on 29 September 2016. The October 2016 F&O contracts are set to expire on 27 October 2016.
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