Nifty September futures trade at premium to spot price
The August 2016 futures on the Nifty 50 index traded at 8,655, at a premium of 22.40 points compared with Nifty's closing of 8,632.60 in the cash market. The Nifty September 2016 futures traded at 8,707.30, a premium of 74.70 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 4.51 lakh crore from turnover of Rs 4.09 lakh crore registered yesterday, 22 August 2016.
In the cash market, the Nifty rose 3.45 points or 0.04% to settle at 8,632.60, its highest closing level since 19 August 2016.
State Bank of India (SBI), HPCL, HDFC Bank, Tata Steel and India Cements were the top traded individual stock futures contracts in F&O segment of NSE. SBI August 2016 futures traded at 255.90, at a premium compared with spot closing of 255.30. HPCL August 2016 futures traded at 1,151.30, at a premium compared with spot closing of 1,150. HDFC Bank August 2016 futures traded at 1,253, near spot closing of 1,253.05.
Tata Steel August 2016 futures traded at 385.50, at a premium compared with spot closing of 384.30. India Cements August 2016 futures traded at 140.40, same as spot closing of 140.40.
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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