F&O turnover vaults as May 2016 F&O contracts expire

Nifty June 2016 futures trade at small premium to spot price

The June 2016 futures on the Nifty 50 index traded at 8080, a small premium of 10.35 points compared with the Nifty's closing of 8069.65 in the cash market. The Nifty July 2016 futures traded at 8095, a small premium of 25.35 points compared with the spot closing for the index.

Turnover on the National Stock Exchange's futures & options (F&O) segment surged due to expiry of the near month May 2016 futures & options (F&O) contracts. Turnover on NSE's F&O segment totaled Rs 7.22 lakh crore, which was sharply higher than turnover of Rs 6.03 lakh crore registered during the previous trading session. The May 2016 F&O contracts expired today, 26 May 2016.

In the cash market, the Nifty jumped 134.75 points or 1.69% to settle at 8,069.65, its highest closing level since 29 October 2015.

L&T, Reliance Industries (RIL), HDFC Bank, Axis Bank, Ashok Leyland, and Tata Steel were the top traded individual stock futures contracts in the June 2016 series. L&T June 2016 futures traded at 1475.30, near spot closing of 1471. RIL June 2016 futures traded at 955.50, at a premium compared with spot closing of 947.30. HDFC Bank June 2016 futures traded at 1,181.05, at a discount compared with spot closing of 1182.85.

Axis Bank June 2016 futures traded at 524.35, at a premium compared with spot closing of 521.05. Ashok Leyland June 2016 futures traded at 105, near spot closing of 104.65. Tata Steel June 2016 futures traded at 328.90, near spot closing of 327.

The June 2016 F&O contracts are set to expire on 30 June 2016. The July 2016 F&O contracts are set to expire on 28 July 2016.

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