Turnover drops
The Nifty December 2016 futures traded at 8,118.60, a premium of 4.30 points compared with the Nifty's closing of 8,114.30 in the cash market. The January 2017 futures on the Nifty 50 index traded at 8,147.50, a premium of 33.20 points compared with the Nifty's closing in the cash market. Turnover on the National Stock Exchange's futures & options (F&O) segment dropped to Rs 2.18 lakh crore from Rs 7.83 lakh crore yesterday, 24 November 2016. The high turnover was due to expiry of November 2016 F&O contracts yesterday, 24 November 2016.
In the cash market, the Nifty 50 index jumped 148.80 points or 1.87% to settle at 8,114.30, its highest closing level since 11 November 2016.
Vedanta, State Bank of India (SBI), Tata Steel, Infosys and Yes Bank were the top traded individual stock futures contracts in F&O segment of NSE. Vedanta December 2016 futures traded at 222.20, at a discount from spot closing of 223.50. SBI December 2016 futures traded at 261.95, at a premium over spot closing of 260.85. Tata Steel December 2016 futures traded at 408.30, near spot closing of 408.
Infosys December 2016 futures traded at 975.30, at a premium over spot closing of 974.70. Yes Bank December 2016 futures traded at 1165.50, at a premium over spot closing of 1164.05.
The December 2016 F&O contracts are set to expire on 29 December 2016.
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