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Nifty July futures trade at premium to spot price

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Capital Market

Turnover on NSE's F&O segment slips

The July 2016 futures on the Nifty 50 index traded at 8,386.50, at a premium of 15.80 points compared with Nifty's closing of 8,370.70 in the cash market. The Nifty August 2016 futures traded at 8,421, at a premium of 50.30 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 1.77 lakh crore from turnover of Rs 1.76 lakh crore registered on Friday, 1 July 2016.

In the cash market, the Nifty 50 index rose 42.35 points or 0.51% to settle at 8,370.70, its highest closing level since 20 August 2015.

 

State Bank of India (SBI), DLF, Punjab National Bank (PNB), ICICI Bank and Tata Motors were the top traded individual stock futures contracts in F&O segment of NSE. SBI July 2016 futures traded at 223.30, at a premium compared with spot closing of 222.90. DLF July 2016 futures traded at 159.30, at a premium compared with spot closing of 158.75. PNB July 2016 futures traded at 112.50, at a discount compared with spot closing of 112.95.

ICICI Bank July 2016 futures traded at 249.50, at a premium compared with spot closing of 248.80. Tata Motors July 2016 futures traded at 471.35, at a premium compared to spot closing of 468.80.

The July 2016 F&O contracts are set to expire on 28 July 2016. The August 2016 F&O contracts are set to expire on 25 August 2016.

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First Published: Jul 04 2016 | 4:26 PM IST

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