Nifty April futures trade at decent premium to spot price
The March 2016 futures on the 50-unit Nifty 50 index traded at 7729.20, a small premium of 14.30 points compared with Nifty's closing of 7714.90 in the cash market. The Nifty April 2016 futures traded at 7771.95, a premium of 57.05 points compared with the spot closing for the index. Turnover on the National Stock Exchange's (NSE) futures and options (F&O) totaled Rs 3.23 lakh crore, which was higher than turnover of Rs 3.09 lakh crore registered during the previous trading session.
In the cash market, the Nifty gained 10.65 points or 0.13% to settle at 7,714.90, its highest closing level since 6 January 2016.
Reliance Infrastructure (RInfra), Reliance Industries (RIL), Tata Steel, State Bank of India (SBI), Axis Bank and Lupin were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE. RInfra March 2016 futures traded at 536, neat spot closing of 535. RIL March 2016 futures traded at 1045, at a discount compared with spot closing of 1049.35. Tata Steel March 2016 futures traded at 312.30, near spot closing of 311.80.
SBI March 2016 futures traded at 197.65, at a discount compared with spot closing of 197.90. Axis Bank March 2016 futures traded at 442, near spot closing of 440.80. Lupin March 2016 futures traded at 1549, near spot closing of 1543.
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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