Turnover on NSE's F&O segment jumps
The June 2016 futures on the Nifty 50 index traded at 8,281.55, a premium of 15.10 points compared with the Nifty's closing of 8,266.45 in the cash market. The Nifty July 2016 futures traded at 8,307.35, a premium of 40.90 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment totaled Rs 2.41 lakh crore, which was higher than turnover of Rs 1.21 lakh crore registered during the previous trading session.
In the cash market, the Nifty 50 index rose 65.40 points or 0.8% to settle at 8,266.45, its highest closing level since 23 October 2015.
State Bank of India (SBI), Yes Bank, ICICI Bank, Tata Motors and Axis Bank were the top traded individual stock futures contracts in the June 2016 series. SBI June 2016 futures traded at 208.75, at a discount compared with spot closing of 210.15. Yes Bank June 2016 futures traded at 1064, near spot closing of 1063. ICICI Bank June 2016 futures traded at 249.60, at a discount compared with spot closing of 254.50.
Tata Motors June 2016 futures traded at 466.10, at a premium compared with spot closing of 463.20. Axis Bank June 2016 futures traded at 537.80, at a premium compared with spot closing of 533.75.
The June 2016 F&O contracts are set to expire on 30 June 2016. The July 2016 F&O contracts are set to expire on 28 July 2016.
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