Nifty June 2017 futures trade at discount to spot closing

Turnover on NSE's F&O segment drops

The June 2017 futures on the Nifty 50 index traded at 9569.05, a discount of 26.05 points compared with the Nifty's spot closing of 9595.10.

Turnover on the National Stock Exchange's futures & options (F&O) segment dropped to Rs 3.60 lakh crore, from Rs 12.61 lakh crore registered during previous trading session.

In the cash market, the Nifty 50 index rose 85.35 points or 0.9% to settle at 9,595.10, its record closing high.

Tata Steel, HPCL, ITC, Reliance Industries and Vedanta were the top traded individual stock futures contracts in F&O segment of NSE. Tata Steel June 2017 futures traded at 512.70, at a premium over spot closing of 511.30.

HPCL June 2017 futures traded at 572, at a premium over spot closing of 569.10. ITC June 2017 futures traded at 303.30, at a discount compared with spot closing of 306.10.

Reliance Industries June 2017 futures traded at 1339.20, near spot closing of 1339. Vedanta June 2017 futures traded at 243.10, at a premium over spot closing of 242.25.

The June 2017 F&O contracts will expire on 29 June 2017.

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