Business Standard

Nifty May 2017 Futures trade at premium to spot closing

Image

Capital Market

Turnover on NSE's F&O segment rises

The May 2017 futures on the Nifty 50 index traded at 9251.60, a premium of 33.65 points compared with the Nifty's spot closing of 9217.95 in the cash market. The April 2017 futures on the Nifty 50 index traded at 9225.45, a slight premium of 7.50 points compared with the Nifty's spot closing.

Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 5.66 lakh crore from Rs 4.48 lakh crore registered during previous trading session.

In the cash market, the Nifty 50 index advanced 98.55 points or 1.08% to settle at 9,217.95, its highest closing level since 11 April 2017.

 

Reliance Industries, HDFC Bank, ICICI Bank, Axis Bank and Indiabulls Real Estate were the top traded individual stock futures contracts in F&O segment of NSE.

Reliance Industries April 2017 futures traded at 1415, at a discount compared to spot closing of 1417.85. HDFC Bank April 2017 futures traded at 1524, at a discount compared with spot closing of 1532. ICICI Bank April 2017 futures traded at 270.35, at a premium over spot closing of 269.35.

Axis Bank April 2017 futures traded at 498, at a premium over spot closing of 497.05. Indiabulls Real Estate April 2017 futures traded at 153.90, near spot closing of 153.05.

The May 2017 F&O contracts will expire on 25 May 2017. The April 2017 F&O contracts will expire on Thursday, 27 April 2017.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 24 2017 | 4:20 PM IST

Explore News