Federal Bank May futures at premium
The Nifty May 2018 futures traded at 10725.15, a premium of 8.60 points compared with the Nifty's spot closing of 10716.55 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment jumped to Rs 11.46 lakh crore, compared with the turnover of Rs 6.50 lakh crore registered in the previous session.
In the cash market, the Nifty 50 index fell 25.15 points or 0.23% to settle at 10,716.55.
Federal Bank, Jindal Steel & Power, HDFC Bank, Indian Bank and Jubilant Foodworks were the top traded individual stock futures contracts in F&O segment of NSE. Federal Bank May 2018 futures traded at 89.60, at a premium over spot closing price of 89.55. Jindal Steel & Power May 2018 futures traded at 246.40, at a premium over spot closing price of 245.85.
HDFC Bank May 2018 futures traded at 1983.30, at a discount over spot closing price of 1985.30. Indian Bank May 2018 futures traded at 311.70, at a discount over spot closing price of 313. Jubilant Foodworks May 2018 futures traded at 2490, at a premium over spot closing price of 2478.
The May 2018 F&O contracts expire on 31 May 2018.
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