Nifty Futures End Higher

The derivatives market tracked the cash market, which hit one-month high after a rally in Reliance group shares.

The Nifty July futures moved up to close higher at 1079.40, up 5.60 points compared with S&P CNX Nifty at 1082.05, which was higher by 8.25 points.

However, the near-month July futures closed at a discount to the underlying. Volumes in the July futures inched up marginally, while open-interest was up 5 per cent. Volumes in the August futures fell, while open-interest was higher by 16 per cent.

Nifty futures saw a trading volume 3,582 contracts valued at Rs 77.45 crore, while Nifty options saw 1,580 contracts being traded at a value of Rs 34.65 crore.

The highest volumes was registered in the Nifty July call at 1120 which traded 350 contracts. Other calls in demand were the Nifty July call at 1080, 1070 and 1100. Among puts the highest volumes were in the July put at 1080, 1060 and 1100.

Only the near-month futures generated trades in Sensex futures. These futures, too, tracked the cash markets and ended higher and at a premium. Volumes also increased compared to Friday's levels.

Among stock futures and options Satyam had a very active day in the cash segment which was reflected in derivatives as well. It was the top traded counter in stocks futures and options.

Its July call at 250 was the most traded stock option. Reliance was the other stock in demand its July call at 280 saw good volumes. Out of 30 securities, options on 27 underlying securities got traded.

The Satyam futures closed at 247.15 a premium to the underlying. The Reliance had a good run in the cash segment its futures also ended at a premium. Infosys, Digital, Telco and Tisco.