Turnover rises
The July 2016 futures on the Nifty 50 index traded at 8,587, a small discount of 3.65 points compared with Nifty's closing of 8,590.65 in the cash market. The Nifty August 2016 futures traded at 8,634, a decent premium of 43.35 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 4.55 lakh crore from turnover of Rs 4.47 lakh crore registered on Monday, 25 July 2016.
In the cash market, the Nifty fell 45 points or 0.52% to settle at 8,590.65, its lowest closing level since 22 July 2016.
Maruti Suzuki India, Bajaj Finance, Dr Reddy's Laboratories, State Bank of India (SBI), and Axis Bank were the top traded individual stock futures contracts in F&O segment of NSE. Maruti Suzuki India July 2016 futures traded at 4,481, at a premium compared with spot closing of 4,470.90. Bajaj Finance July 2016 futures traded at 9,886.05, at a premium compared with spot closing of 9,859. Dr Reddy's Laboratories July 2016 futures traded at 3,307, at a premium compared with spot closing of 3,304.75.
SBI July 2016 futures traded at 227, at a premium compared with spot closing of 226.80. Axis Bank July 2016 futures traded at 551.65, at a discount compared with spot closing of 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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