Nifty April futures trade at modest premium to spot price

Turnover on NSE's F&O segment rises

The March 2016 futures on the 50-unit Nifty 50 index traded at 7742, near Nifty's closing of 7735.20 in the cash market. The Nifty April 2016 futures traded at 7784, a premium of 48.80 points compared with the spot closing for the index. Turnover on the National Stock Exchange's (NSE) futures and options (F&O) totaled Rs 5.05 lakh crore, which was higher than turnover of Rs 4.53 lakh crore registered during the previous trading session.

In the cash market, the Nifty jumped 138.20 points or 1.81% to settle at 7,735.20, its highest closing level since 6 January 2016.

Tata Steel, Lupin, State Bank of India (SBI), HDFC Bank, ICICI Bank and Reliance Industries (RIL) were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE. Tata Steel March 2016 futures traded at 323.95, near spot closing of 323.50. Lupin March 2016 futures traded at 1484.90, near spot closing of 1484. SBI March 2016 futures traded at 197.45, near spot closing of 197.05.

HDFC Bank March 2016 futures traded at 1066.10, at a discount compared with spot closing of 1066.30. HDFC Bank April 2016 futures traded at 1075.55, at a premium compared to the stock's closing price in the spot market. ICICI Bank March 2016 futures traded at 237.75, at a discount compared with spot closing of 237.90. RIL March 2016 futures traded at 1046.70, at a discount compared with spot closing of 1047.40.

The March 2016 F&O contracts are scheduled to expire tomorrow, 31 March 2016. The April 2016 F&O contracts are set to expire on 28 April 2016.

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