Nifty July futures trade at modest premium to spot price
The July 2016 futures on the Nifty 50 index traded at 8551.90, a modest premium of 23.40 points compared with Nifty's closing of 8528.50 in the cash market. The Nifty August 2016 futures traded at 8590.55, a decent premium of 62.05 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 3.28 lakh crore from turnover of Rs 3.01 lakh crore registered yesterday, 18 July 2016.
In the cash market, the Nifty gained 19.85 points or 0.23% to settle at 8,528.55, its highest closing level since 15 July 2016.
Punjab National Bank (PNB), State Bank of India (SBI), Reliance Industries, Tata Steel, Tata Motors and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. PNB July 2016 futures traded at 131, near spot closing of 130.95. SBI July 2016 futures traded at 230.05, near spot closing of 229.45. RIL July 2016 futures traded at 1022, at a discount compared with spot closing of 1022.50.
Tata Steel July 2016 futures traded at 363.90, at a discount compared with spot closing of 369.90. Tata Motors July 2016 futures traded at 499.10, near spot closing of 498. ICICI Bank July 2016 futures traded at 269.25, matching the stock's closing in the spot market.
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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