Nifty July futures trade at premium to spot price
The July 2016 futures on the Nifty 50 index traded at 8,357, at a premium of 28.65 points compared with Nifty's closing of 8,328.35 in the cash market. The Nifty August 2016 futures traded at 8,387, at a premium of 58.65 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment fell to Rs 1.76 lakh crore from turnover of Rs 7.64 lakh crore registered on Thursday, 30 June 2016, the day on which June 2016 futures contracts expired.
In the cash market, the Nifty 50 index rose 40.60 points or 0.49% to settle at 8,328.35, its highest closing level since 20 August 2015.
State Bank of India (SBI), L&T, Maruti Suzuki India, Yes Bank and Axis Bank were the top traded individual stock futures contracts in F&O segment of NSE. SBI July 2016 futures traded at 220.35, at a premium compared with spot closing of 219.20. L&T July 2016 futures traded at 1,550.90, at a premium compared with spot closing of 1,543.55. Maruti Suzuki India July 2016 futures traded at 4,168.20, at a premium compared with spot closing of 4,166.
Yes Bank July 2016 futures traded at 1,123.75, at a discount compared with spot closing of 1,128. Axis Bank July 2016 futures traded at 540.10, at a discount to spot closing of 542.20.
The July 2016 F&O contracts are set to expire on 28 July 2016. The August 2016 F&O contracts are set to expire on 25 August 2016.
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