Nifty February 2017 futures trade at premium to spot closing

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Capital Market
Last Updated : Jan 10 2017 | 5:13 PM IST

Turnover on NSE's F&O segment rises

The January 2017 futures on the Nifty 50 index traded at 8,296.95, at a premium of 8.35 points compared with the Nifty's closing of 8,288.60 in the cash market. The February 2017 futures on the Nifty 50 index traded at 8,322.05, a premium of 33.45 points compared with the Nifty's closing in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 2.29 lakh crore from Rs 1.88 lakh crore registered on Monday, 9 January 2017.

In the cash market, the Nifty 50 index rose 52.55 points or 0.64% to settle at 8,288.60, its highest closing level since 11 November 2016.

Tata Steel, Axis Bank, IndusInd Bank, Tata Motors, and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE. Tata Steel January 2017 futures traded at 432.40, at a premium compared with spot closing of 431.90. Axis Bank January 2017 futures traded at 447.80, unchanged compared with spot closing of 447.80. IndusInd Bank January 2017 futures traded at 1,170.40, at a premium to spot closing of 1,165.

Tata Motors January 2017 futures traded at 517.20, at a discount over spot closing of 517.90. Biocon January 2017 futures traded at 1,218, at a premium compared with spot closing of 1,215.80.

The January 2017 F&O contracts are set to expire on 25 January 2017. The February 2017 F&O contracts are set to expire on 23 February 2017.

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First Published: Jan 10 2017 | 4:08 PM IST

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