Nifty July futures trade at premium to spot price
The July 2016 futures on the Nifty 50 index traded at 8,326.80, at a premium of 39.05 points compared with Nifty's closing of 8,287.75 in the cash market. The Nifty August 2016 futures traded at 8,355, at a premium of 67.25 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment jumped to Rs 7.64 lakh crore from turnover of Rs 4.81 lakh crore registered on Wednesday, 29 June 2016. The June 2016 F&O contracts expired today, 30 June 2016.
In the cash market, the Nifty 50 index rose 83.75 points or 1.02% to settle at 8,287.75, its highest closing level since 23 October 2015.
State Bank of India (SBI), HDFC Bank, Reliance Industries (RIL), Yes Bank and Axis Bank were the top traded individual stock futures contracts in F&O segment of NSE. SBI July 2016 futures traded at 220.15, at a premium compared with spot closing of 219.30. HDFC Bank July 2016 futures traded at 1,182.55, at a premium compared with spot closing of 1,173.60. RIL July 2016 futures traded at 976.75, at a premium compared with spot closing of 969.
Yes Bank July 2016 futures traded at 1,104.20, at a premium compared with spot closing of 1,102. Axis Bank July 2016 futures traded at 532.20, at a discount to spot closing of 533.50.
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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