Turnover on NSE's F&O segment drops
The July 2016 futures on the Nifty 50 index traded at 8,340.30, at a premium of 17.10 points compared with Nifty's closing of 8,323.20 in the cash market. The Nifty August 2016 futures traded at 8,377, at a premium of 53.80 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 1.98 lakh crore from turnover of Rs 2.59 lakh crore registered yesterday, 7 July 2016.
In the cash market, the Nifty 50 index fell 14.70 points or 0.18% to settle at 8,323.20, its lowest closing level since 30 June 2016.
Lupin, State Bank of India (SBI), Punjab National Bank (PNB), Tata Steel and Tata Motors were the top traded individual stock futures contracts in F&O segment of NSE. Lupin July 2016 futures traded at 1632, at a discount compared with spot closing of 1635. SBI July 2016 futures traded at 219, at a premium compared with spot closing of 218.20. PNB July 2016 futures traded at 117.40, at a discount compared with spot closing of 117.80. Tata Steel July 2016 futures traded at 311.65, at a steep discount compared with spot closing of 317.70. Tata Motors July 2016 futures traded at 467.30, at a premium compared to spot closing of 466.30.
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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