Nifty August futures trade at premium to spot price

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Capital Market
Last Updated : Aug 01 2016 | 4:47 PM IST

Turnover rises

The August 2016 futures on the Nifty 50 index traded at 8691, a steep premium of 54.45 points compared with Nifty's closing of 8636.55 in the cash market. The Nifty September 2016 futures traded at 8736.55, a substantial premium of 100 points compared with the spot closing for the index.

Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 2.91 lakh crore from turnover of Rs 1.8 lakh crore registered on Friday, 29 July 2016.

In the cash market, the Nifty shed 1.95 points or 0.02% to settle at 8,636.55, its lowest closing level since 27 July 2016.

L&T, ICICI Bank, Maruti Suzuki India, Bajaj Finance and Tata Steel were the top traded individual stock futures contracts in F&O segment of NSE. L&T August 2016 futures traded at 1487.85, at a discount compared with spot closing of 1496.65. ICICI Bank August 2016 futures traded at 251.70, at a premium over spot closing of 250. Maruti Suzuki India August 2016 futures traded at 4886, at a premium over spot closing of 4870.

Bajaj Finance August 2016 futures traded at 11211.15, at a discount compared with closing of 11216.10. Tata Steel August 2016 futures traded at 366.85, at a premium compared with spot closing of 364.70.

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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First Published: Aug 01 2016 | 4:17 PM IST

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