Nifty June futures gain

DERIVATIVES REPORT

Equity derivatives continued to be thin in volumes despite reversal in trend in the spot market. Nifty June futures gained to close at 1483.40, up from the yesterday's close of 1472.

However it continued to be at a sharp discount to the spot S&P CNX Nifty that closed at 1507.90, up 1.64 per cent, almost recouping Monday's loss of 1.67 per cent.

Tata Motors was the most active futures contracts on individual securities traded today with 14,672 contracts.

However, at Rs 387.75, it closed at a sharp discount to the spot price of Rs 392.5. Maruti was the next most active futures contracts with 14,351 contracts being traded. It closed at Rs 400, slightly less to the last traded price of Rs 401.20 in the cash market.

All the stock futures on 51 underlying securities got traded. The total number of contracts traded was 131,038 with a traded value of Rs 3,353.04 crore. The top ten contracts contributed to around 70 per cent of the total traded volume in futures on individual securities.