Despite the rally in the broad market, Nifty futures saw substantial backwardation with the near-month contract closing at a discount of eight points.
June Nifty rose 6.50 points to 1024.90, while the NSE S&P CNX Nifty closed at 1035.05. July futures climbed 6.85 points to 1023.90.
Nifty futures saw a trading volume of Rs 465.61 crore arising out of 22,667 contracts. Aggregate turnover on NSE
