Nifty February futures trade at modest premium to spot price

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Capital Market
Last Updated : Jan 21 2016 | 8:51 PM IST

Turnover on NSE's F&O segment increases

The January 2016 futures on the 50-unit Nifty 50 index traded at 7,296.95 a premium of 20.15 points compared with Nifty's closing of 7276.80 in the cash market. The Nifty February 2016 futures traded at 7308, a premium of 31.20 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures and options (F&O) segment rose to Rs 3.98 lakh crore from turnover of Rs 3.54 lakh crore registered during the previous trading session.

In the cash market, the Nifty lost 32.50 points or 0.44% to settle at 7,276.80, its lowest closing level since 30 May 2014.

Axis Bank, Reliance Industries (RIL), State Bank of India (SBI), Reliance Infrastructure (RInfra), Maruti Suzuki India and Tata Motors were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE.

Axis Bank January 2016 futures traded at 409, matching the stock's closing price in the spot market. RIL January 2016 futures traded at 985.85, near spot closing of 982.45. SBI January 2016 futures traded at 176.70, near spot closing of 176.20.

RInfra January 2016 futures traded at 456.50, near spot closing of 455.50. Maruti January 2016 futures traded at 3913.20, at a premium compared with spot closing of 3901. Tata Motors January 2016 futures traded at 328.90, near spot closing of 327.60.

The January 2016 F&O contracts are set to expire on 28 January 2016. The February 2016 F&O contracts are set to expire on 25 February 2016.

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First Published: Jan 21 2016 | 4:30 PM IST

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