Turnover drops
The July 2016 futures on the Nifty 50 index traded at 8590.10, a small premium of 24.25 points compared with Nifty's closing of 8565.85 in the cash market. The Nifty August 2016 futures traded at 8628, a decent premium of 62.15 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment dropped to Rs 2.71 lakh crore from turnover of Rs 3.28 lakh crore registered yesterday, 19 July 2016.
In the cash market, the Nifty gained 37.30 points or 0.43% to settle at 8,565.85, its highest closing level since 6 August 2015.
Wockhardt, State Bank of India (SBI), Wipro, Aurobindo Pharma, Tata Steel and Indian Oil Corporation (IOC) were the top traded individual stock futures contracts in F&O segment of NSE. Wockhardt July 2016 futures traded at 1051.15, near spot closing of 1046.20. SBI July 2016 futures traded at 231.70, near spot closing of 230.75. Wipro July 2016 futures traded at 538.80, at a discount compared with spot closing of 539.70.
Aurobindo Pharma July 2016 futures traded at 802.80, near spot closing of 799.50. Tata Steel July 2016 futures traded at 362.25, at a discount compared with spot closing of 368.40. IOC July 2016 futures traded at 513, matching the stock's closing in the spot market.
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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