Turnover drops
The September 2016 futures on the Nifty 50 index traded at 8903, at a modest premium of 36.30 points compared with Nifty's closing of 8866.70 in the cash market. The Nifty October 2016 futures traded at 8940.10, a decent premium of 73.40 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment dropped to Rs 3.37 lakh crore from turnover of Rs 4.67 lakh crore registered yesterday, 8 September 2016.
In the cash market, the Nifty lost 85.80 points or 0.95% to settle at 8,866.70, its lowest closing level since 2 September 2016.
Yes Bank, Reliance Infrastructure (RInfra), Punjab National Bank (PNB), Reliance Capital, Reliance Industries (RIL) and Axis Bank were the top traded individual stock futures contracts in F&O segment of NSE. Yes Bank September 2016 futures traded at 1282.50, at a premium compared with spot closing of 1275.50. RInfra September 2016 futures traded at 612.40, at a discount compared with spot closing of 616.90. PNB September 2016 futures traded at 145.70, near spot closing of 145.20.
Reliance Capital September 2016 futures traded at 555.80, at a discount compared with spot closing of 561.55. RIL September 2016 futures traded at 1046.90, near spot closing of 1041.50. Axis Bank September 2016 futures traded at 617, at a premium compared with spot closing of 613.55.
The September 2016 F&O contracts are set to expire on 29 September 2016. The October 2016 F&O contracts are set to expire on 27 October 2016.
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