Nifty June 2016 futures trade at slight premium to spot price
The June 2016 futures on the Nifty 50 index traded at 8,197, a slight premium of 17.05 points compared with the Nifty's closing of 8,179.95 in the cash market. The Nifty July 2016 futures traded at 8,218.75, a premium of 38.80 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment totaled Rs 1.81 lakh crore, which was slightly lower than turnover of Rs 1.86 lakh crore registered during the previous trading session.
In the cash market, the Nifty 50 index rose 19.85 points or 0.24% to settle at 8,179.95, its highest closing level since 27 October 2015.
State Bank of India (SBI), Ashok Leyland, Tata Motors, Axis Bank and Tata Steel were the top traded individual stock futures contracts in the June 2016 series. SBI June 2016 futures traded at 196, at a discount compared with spot closing of 198.60. Ashok Leyland June 2016 futures traded at 105, at a premium compared with spot closing of 104.20. Tata Motors June 2016 futures traded at 447.70, at a premium compared with the stock's spot closing of 446.80.
Axis Bank June 2016 futures traded at 516.20, at a premium compared with spot closing of 512.15. Tata Steel June 2016 futures traded at 334, at a premium compared with spot closing of 332.30.
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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