Nifty September futures trade at premium to spot price
The September 2015 futures on the 50-unit CNX Nifty index traded at 7752, a premium of 35 points over Nifty's closing of 7717 in the cash market. Turnover on NSE's futures & options (F&O) segment dropped to Rs 1.91 lakh crore from turnover of Rs 2.05 lakh crore registered yesterday, 1 September 2015.
In the cash market, the Nifty lost 68.85 points or 0.88% to settle at 7,717, its lowest closing level since 11 August 2014.
Among individual stock futures, State Bank of India (SBI) September 2015 futures traded at 231.15, near spot closing of 230.35.
ICICI Bank September 2015 futures traded at 265.35, near spot closing of 264.25.
Axis Bank September 2015 futures traded at 471.30, near spot closing of 468.80.
The September 2015 F&O contracts are set to expire on 24 September 2015.
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