Nifty June 2017 futures trade at premium to spot closing
The June 2017 futures on the Nifty 50 index traded at 9492.15, a premium of 17.60 points over Nifty's spot closing of 9509.75.
Turnover on the National Stock Exchange's futures & options (F&O) segment surged to Rs 12.60 lakh crore, from Rs 8.86 lakh crore registered during previous trading session.
In the cash market, the Nifty 50 index surged 149.20 points or 1.59% to settle at 9,509.75, its highest closing level since 17 May 2017.
HDFC Bank, ICICI Bank, Reliance Industries, State Bank of India (SBI) and Tata Steel were the top traded individual stock futures contracts in F&O segment of NSE. HDFC Bank June 2017 futures traded at 1588.05, at a discount compared with spot closing of 1613.25.
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ICICI Bank June 2017 futures traded at 315.60, at a discount compared with spot closing of 316.85. Reliance Industries June 2017 futures traded at 1307.70, at a premium over spot closing of 1301.50.
SBI June 2017 futures traded at 288.30, at a discount compared with spot closing of 290. Tata Steel June 2017 futures traded at 489.20, at a premium over spot closing of 485.65.
The June 2017 F&O contracts will expire on 29 June 2017. The May 2017 F&O contracts expired today, 25 May 2017.
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