Turnover on NSE's F&O segment surges
The July 2016 futures on the Nifty 50 index traded at 8,369.30, at a premium of 31.40 points compared with Nifty's closing of 8,337.90 in the cash market. The Nifty August 2016 futures traded at 8,405, at a premium of 67.10 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 2.59 lakh crore from turnover of Rs 1.93 lakh crore registered on Tuesday, 5 July 2016. The stock market was closed yesterday, 6 July 2016, for a public holiday.
In the cash market, the Nifty 50 index rose 1.95 points or 0.02% to settle at 8,337.90, its highest closing level since 4 July 2016.
Tata Steel, State Bank of India (SBI), Lupin, Ashok Leyland and Reliance Infrastructure were the top traded individual stock futures contracts in F&O segment of NSE. Tata Steel July 2016 futures traded at 310.45, at a discount compared with spot closing of 316.90. SBI July 2016 futures traded at 220.80, near spot closing of 220.15. Lupin July 2016 futures traded at 1688.80, at a premium compared with spot closing of 1684.
Ashok Leyland July 2016 futures traded at 93.05, at a discount compared with spot closing of 93.30. Reliance Infrastructure July 2016 futures traded at 570, at a premium compared to spot closing of 568.20.
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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