Turnover drops sharply
The August 2016 futures on the Nifty 50 index traded at 8691.90, a decent premium of 53.40 points compared with Nifty's closing of 8638.50 in the cash market. The Nifty September 2016 futures traded at 8741.40, a substantial premium of 102.90 points compared with the spot closing for the index.
Turnover on the National Stock Exchange's futures & options (F&O) segment fell sharply to Rs 1.8 lakh crore from turnover of Rs 7.59 lakh crore registered yesterday, 28 July 2016. The turnover had risen sharply yesterday, 28 July 2016, as traders rolled over positions from the July 2016 series to the August 2016 series. The July 2016 F&O contracts expired yesterday, 28 July 2016.
In the cash market, the Nifty shed 27.80 points or 0.32% to settle at 8,638.50, its lowest closing level since 27 July 2016.
Reliance Infrastructure (RInfra), ICICI Bank, L&T, UPL, Bharat Financial Inclusion and Maruti Suzuki India were the top traded individual stock futures contracts in F&O segment of NSE. RInfra August 2016 futures traded at 608.70, near spot closing of 605.10. ICICI Bank August 2016 futures traded at 263.95, near spot closing of 262.30. L&T August 2016 futures traded at 1547, at a discount compared with spot closing of 1555.25.
UP August 2016 futures traded at 627.30, near spot closing of 627. Bharat Financial Inclusion August 2016 futures traded at 915.80, at a premium compared with spot closing of 908. Maruti August 2016 futures traded at 4794.40, at a premium compared with spot closing of 4765.
The August 2016 F&O contracts are set to expire on 25 August 2016. The September 2016 F&O contracts are set to expire on 29 September 2016.
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