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RIL May futures trade at premium to spot price

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Capital Market

Turnover on NSE's F&O segment declines

The May 2016 futures on the Nifty 50 index traded at 7,764.10, a premium of 30.65 points compared with Nifty's closing of 7,733.45 in the cash market. Turnover on the National Stock Exchange's (NSE) futures and options (F&O) totaled Rs 1.81 lakh crore, lower than turnover of Rs 1.97 lakh crore registered during the previous trading session.

In the cash market, the Nifty declined 2.05 points or 0.03% to settle at 7,733.45, its lowest closing level since 4 May 2016.

Tata Motors, State Bank of India (SBI), Tata Steel, ICICI Bank and Reliance Industries (RIL) were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE. Tata Motors May 2016 futures traded at 398, at a premium compared with spot closing of 397.60. SBI May 2016 futures traded at 184.30, at a premium compared with spot closing of 184.15. Tata Steel May 2016 futures traded at 331.10, at a premium compared with spot closing of 329.60.

 

ICICI Bank May 2016 futures traded at 219.65, at a premium compared with spot closing of 218.75. RIL May 2016 futures traded at 975.20, at a premium compared with spot closing of 969.15.

The May 2016 F&O contracts are set to expire on 26 May 2016.

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First Published: May 06 2016 | 4:21 PM IST

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