Turnover rises
The July 2016 futures on the Nifty 50 index traded at 8,637.10, a small premium of 1.45 points compared with Nifty's closing of 8,635.65 in the cash market. The Nifty August 2016 futures traded at 8,680.50, a decent premium of 44.85 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 4.47 lakh crore from turnover of Rs 3.14 lakh crore registered on Friday, 22 July 2016.
In the cash market, the Nifty gained 94.45 points or 1.11% to settle at 8,635.65, its highest closing level since 16 April 2015.
State Bank of India (SBI), Vedanta, Axis Bank, HDFC Bank and Maruti Suzuki India were the top traded individual stock futures contracts in F&O segment of NSE. SBI July 2016 futures traded at 230.40, at a premium compared with spot closing of 229.60. Vedanta July 2016 futures traded at 172.10, at a discount compared with spot closing of 172.20. Axis Bank July 2016 futures traded at 540.05, at a premium compared with spot closing of 539.70.
HDFC Bank July 2016 futures traded at 1,247, at a premium compared with spot closing of 1,245. Maruti Suzuki India July 2016 futures traded at 4,562, at a premium compared with spot closing of 4,552.
The July 2016 F&O contracts are set to expire on 28 July 2016. The August 2016 F&O contracts are set to expire on 25 August 2016.
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