Nifty May 2017 Futures trade at premium to spot closing
The May 2017 futures on the Nifty 50 index traded at 9319, a premium of 12.40 points compared with the Nifty's spot closing of 9306.60 in the cash market. The April 2017 futures on the Nifty 50 index traded at 9295.30, a discount of 11.30 points compared with the Nifty's spot closing.
Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 5.99 lakh crore from Rs 5.66 lakh crore registered during previous trading session.
In the cash market, the Nifty 50 index advanced 88.65 points or 0.96% to settle at 9,306.60, its record closing high.
Reliance Industries, HDFC Bank, Axis Bank, Reliance Capital and Bharti Airtel were the top traded individual stock futures contracts in F&O segment of NSE.
Reliance Industries April 2017 futures traded at 1431.65, near spot closing of 1431. HDFC Bank April 2017 futures traded at 1527.45, at a discount compared with spot closing of 1539.25. Axis Bank April 2017 futures traded at 517.40, at a discount compared to spot closing of 518.10.
Reliance Capital April 2017 futures traded at 631, at a premium over spot closing of 629.05. Bharti Airtel April 2017 futures traded at 352.90, at a discount compared to spot closing of 353.35.
The May 2017 F&O contracts will expire on 25 May 2017. The April 2017 F&O contracts will expire on Thursday, 27 April 2017.
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