Turnover on NSE's F&O segment drops
The January 2016 futures on the 50-unit Nifty 50 index traded at 7436, a premium of 13.55 points compared with Nifty's closing of 7422.45 in the cash market. The Nifty February 2016 futures traded at 7450, a premium of 27.55 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures and options (F&O) segment dropped to Rs 3.65 lakh crore from turnover of Rs 3.98 lakh crore registered during the previous trading session.
In the cash market, the Nifty jumped 145.65 points or 2% to settle at 7,422.45, its highest closing level since 19 January 2016.
Jet Airways (India), Reliance Industries (RIL), Axis Bank, State Bank of India (SBI), Maruti Suzuki India and ICICI Bank were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE.
Jet Airways (India) January 2016 futures traded at 620.05, near spot closing of 619.75. RIL January 2016 futures traded at 1007.70, near spot closing of 1004.05. RIL February 2016 futures traded at 1012.25, at a premium to the stock's closing in the spot market.
Axis Bank January 2016 futures traded at 424.80, at a discount compared with spot closing of 425. SBI January 2016 futures traded at 184.70, near spot closing of 184.65. Maruti January 2016 futures traded at 4098, near spot closing of 4092.30. ICICI Bank January 2016 futures traded at 233.45, near spot closing of 232.80.
The January 2016 F&O contracts are set to expire on 28 January 2016. The February 2016 F&O contracts are set to expire on 25 February 2016.
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