Nifty's futures contracts spurt

Nifty's futures contract touched a high of 5,996 points during the trading session at NSE

Press Trust of India Mumbai
Last Updated : Oct 03 2013 | 1:59 PM IST
Futures contracts of NSE benchmark index Nifty today witnessed a sudden spike with trade taking place about 100 points above the prevailing level.

According to traders, trade got executed at 5,996 points for October delivery contract of Nifty futures as against the prevailing level of 5,900 points.

Immediately, the reason for the spike could not be ascertained and it was also not clear whether trade has sought to be annulled.

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Sources said the trade would be declared a freak one or erroneous if it is annulled.

Nifty's futures contract touched a high of 5,996 points during the trading session at the National Stock Exchange (NSE).

Currently, Nifty's futures are trading at 5,937.95 points in the afternoon trade at the NSE, up 109 points or 1.87%, from the previous close.
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First Published: Oct 03 2013 | 1:56 PM IST

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