Nifty January 2014 futures at premium

Turnover jumps

Nifty January 2014 futures were at 6343.10, at a premium of 64.20 points over spot closing of 6278.90. Turnover on NSE's futures & options (F&O) segment surged to Rs 254950.87 crore from Rs 183984.78 crore on Tuesday, 24 December 2013. The stock market was closed on Wednesday, 25 December 2013, on account of Christmas.

AXIS Bank January 2014 futures were at 1313.65, at a premium over spot closing of 1300.

State Bank of India January 2014 futures were at 1765.40, at a premium over spot closing of 1751.80.

ICICI Bank January 2014 futures were at 1114.90, at a premium over spot closing of 1103.15.

In the spot market, the 50-unit CNX Nifty advanced 10.50 points or 0.17% to settle at 6,278.90, its highest closing level since 23 December 2013.

The January 2014 derivatives contracts expire on 30 January 2014. The December 2013 derivatives contracts expired today, 26 December 2013.

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