Lifted By A Gung-Ho Government
Derivatives bounced back tangoing the trend in the spot market as bullish statements from the government and the outlook on the economy spurred a rally.
However, all the three Nifty futures closed at a discount to the spot market. Nifty August futures jumped up 29.70 points to 1194.95 as against a rise of 25.90 points in the S&P CNX Nifty, which closed at 1196.95.
Nifty September futures rose 28.45 points at 1193.90, while Nifty October ended 19.15 points higher at 1190.05.
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The total turnover of the NSE F&O segment came off by about Rs 500 crore to Rs 5,907.21 crore from Rs 6,480.7 crore on Wednesday.
Out of a total 1,90,484 contracts traded, index futures recorded 46,515 deals with a turnover of Rs 1,095.64 crore.