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Nifty September futures trade at substantial premium to spot price

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Capital Market

Turnover on NSE's F&O segment declines

The August 2016 futures on the Nifty 50 index traded at 8665, a premium of 42.10 points compared with Nifty's closing of 8622.90 in the cash market. The Nifty September 2016 futures traded at 8713, a substantial premium of 90.10 points compared with the spot closing for the index.

Turnover on the National Stock Exchange's futures & options (F&O) segment fell to Rs 2.54 lakh crore from turnover of Rs 2.91 lakh crore registered yesterday, 1 August 2016.

In the cash market, the Nifty fell 13.65 points or 0.16% to settle at 8,622.90, its lowest closing level since 27 July 2016.

 

Bharat Financial Inclusion, Maruti Suzuki India, Bajaj Finance, Tata Steel and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. Bharat Financial Inclusion August 2016 futures traded at 836.90, at a premium compared with spot closing of 830.05. Maruti Suzuki India August 2016 futures traded at 5008.05, at a premium over spot closing of 5000.30. Bajaj Finance August 2016 futures traded at 11005.80, at a premium over spot closing of 10931.

Tata Steel August 2016 futures traded at 364.60, at a premium compared to spot closing of 363.20. ICICI Bank August 2016 futures traded at 247.25, at a premium compared with spot closing of 245.60.

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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First Published: Aug 02 2016 | 4:17 PM IST

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