Turnover on NSE's F&O segment rises
The July 2016 futures on the Nifty 50 index traded at 8491.50, at a premium of 23.60 points compared with Nifty's closing of 8467.90 in the cash market. The Nifty August 2016 futures traded at 8528.35, at a premium of 60.45 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 2.59 lakh crore from turnover of Rs 1.98 lakh crore registered on Friday, 8 July 2016.
In the cash market, the Nifty 50 index rose 144.70 points or 1.74% to settle at 8,467.90, its highest closing level since 19 August 2015.
IndusInd Bank, State Bank of India, Punjab National Bank, Tata Steel and Tata Motors were the top traded individual stock futures contracts in F&O segment of NSE. IndusInd Bank July 2016 futures traded at 1130.75, at a premium compared with spot closing of 1124. State Bank of India July 2016 futures traded at 225.55, at a premium compared with spot closing of 224.50. Punjab National Bank July 2016 futures traded at 126.80, at a discount compared with spot closing of 128.45.
Tata Steel July 2016 futures traded at 320.45, at a discount compared with spot closing of 326.70. Tata Motors July 2016 futures traded at 484.75, at a premium compared to spot closing of 483.85.
The July 2016 F&O contracts are set to expire on 28 July 2016. The August 2016 F&O contracts are set to expire on 25 August 2016.
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