Turnover on NSE's F&O segment drops
The March 2016 futures on the 50-unit Nifty 50 index traded at 7483.10, a premium of 22.50 points over Nifty's closing of 7460.60 in the cash market. The Nifty April 2016 futures traded at 7522, a premium of 61.40 points compared with the spot closing for the index. Turnover on the National Stock Exchange's (NSE) futures and options (F&O) totaled Rs 1.89 lakh crore, lower than turnover of Rs 1.97 lakh crore registered during the previous trading session.
In the cash market, the Nifty lost 78.15 points or 1.04% to settle at 7,460.60, its lowest closing level since 2 March 2016.
Lupin, State Bank of India (SBI), Tata Steel, Yes Bank and Axis Bank were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE. Lupin March 2016 futures traded at 1732, at a premium compared to spot closing of 1725.10. SBI March 2016 futures traded 185.50, near spot closing of 185.05. Tata Steel March 2016 futures traded at 299.60, at a discount from spot closing of 300.
Yes Bank March 2016 futures traded at 809.30, at a discount from spot closing of 809.95. Axis Bank March 2016 futures traded at 420.80, at a premium over spot closing of 418.80.
The March 2016 F&O contracts are set to expire on 31 March 2016. The April 2016 F&O contracts are set to expire on 28 April 2016.
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