Nifty August futures trade at tiny premium to spot price
The July 2016 futures on the Nifty 50 index traded at 8519, a tiny premium of 8.90 points compared with Nifty's closing of 8510.10 in the cash market. The Nifty August 2016 futures traded at 8560.90, a decent premium of 50.80 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose sharply to Rs 4.78 lakh crore from turnover of Rs 2.71 lakh crore registered yesterday, 20 July 2016.
In the cash market, the Nifty lost 55.75 points or 0.65% to settle at 8,510.10, its lowest closing level since 18 July 2016.
Wockhardt, Ashok Leyland, Axis Bank, State Bank of India (SBI), HPCL and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE. Wockhardt July 2016 futures traded at 983.60, at a discount compared with spot closing of 985. Ashok Leyland July 2016 futures traded at 97.40, near spot closing of 97.35. Axis Bank July 2016 futures traded at 538.60, near spot closing of 536.95.
SBI July 2016 futures traded at 224.80, matching the stock's closing in the spot market. HPCL July 2016 futures traded at 1151.75, at a discount compared with spot closing of 1168.80. HDFC Bank July 2016 futures traded at 1234.25, near spot closing of 1230.30.
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.
Powered by Capital Market - Live News
