Nifty September futures trade at premium to spot price
The August 2016 futures on the Nifty 50 index traded at 8,631.35, at a premium of 2.20 points compared with Nifty's closing of 8,629.15 in the cash market. The Nifty September 2016 futures traded at 8,683.70, a premium of 54.55 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 4.09 lakh crore from turnover of Rs 3 lakh crore registered on Friday, 19 August 2016.
In the cash market, the Nifty lost 37.75 points or 0.44% to settle at 8,629.15, its lowest closing level since 17 August 2016.
State Bank of India (SBI), HDFC Bank, ICICI Bank, Biocon and Yes Bank were the top traded individual stock futures contracts in F&O segment of NSE. SBI August 2016 futures traded at 254.70, at a premium compared with spot closing of 254.15. HDFC Bank August 2016 futures traded at 1,250, at a discount compared with spot closing of 1,251.95. ICICI Bank August 2016 futures traded at 252.55, near spot closing of 252.50.
Biocon August 2016 futures traded at 883.70, at a premium compared with spot closing of 882.05. Yes Bank August 2016 futures traded at 1,345, at a premium compared with spot closing of 1,341.05.
The August 2016 F&O contracts are set to expire on 25 August 2016. The September 2016 F&O contracts are set to expire on 29 September 2016.
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