Nifty November 2016 futures at premium to spot price

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Capital Market
Last Updated : Oct 28 2016 | 4:48 PM IST

Turnover on NSE's F&O segment drops sharply

The Nifty November 2016 futures traded at 8,669.10, a premium of 31.10 points compared with the Nifty's closing of 8,638 in the cash market. The December 2016 futures on the Nifty 50 index traded at 8,710, a premium of 82.95 points compared with the Nifty's closing in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment dropped sharply to Rs 2.43 lakh crore from turnover of Rs 9.61 lakh crore registered yesterday, 27 October 2016. The high turnover yesterday, 27 October 2016 was due to expiry of October 2016 F&O contracts.

In the cash market, the Nifty 50 index rose 22.75 points or 0.26% to settle at 8,638, its highest closing level since 25 October 2016.

UPL, Vedanta, Tata Steel, ICICI Bank and Maruti Suzuki India were the top traded individual stock futures contracts in F&O segment of NSE. UPL November 2016 futures traded at 699.85, at a premium compared with spot closing of 696.40. Vedanta November 2016 futures traded at 201.80, at a discount from spot closing of 202.50. Tata Steel November 2016 futures traded at 406.05, at a premium over spot closing of 405.05

ICICI Bank November 2016 futures traded at 278.70, at a premium over spot closing of 277.20. Maruti Suzuki India November 2016 futures traded at 5909.90, at a premium compared with spot closing of 5875.20.

The November 2016 F&O contracts are set to expire on 24 November 2016.

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First Published: Oct 28 2016 | 4:20 PM IST

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