Nifty July futures trade at modest premium to spot price
The June 2016 futures on the Nifty 50 index traded at 8153.20, a small premium of 12.45 points compared with the Nifty's closing of 8140.75 in the cash market. The Nifty July 2016 futures traded at 8180, a modest premium of 39.25 points compared with the spot closing for the index. Turnover on the National Stock Exchange's futures & options (F&O) segment rose sharply to Rs 4.10 lakh crore from turnover of Rs 2.52 lakh crore registered during the previous trading session.
In the cash market, the Nifty lost 65.85 points or 0.8% to settle at 8,140.75, its lowest closing level since 14 June 2016.
State Bank of India (SBI), Maruti Suzuki India, Tata Motors, Tata Steel, ICICI Bank and Yes Bank were the top traded individual stock futures contracts in F&O segment of NSE. SBI June 2016 futures traded at 215.05, matching the spot closing for the stock. Maruti June 2016 futures traded at 4099.95, at a premium compared with spot closing of 4080.20. Tata Motors June 2016 futures traded at 455.95, near spot closing of 454.50.
Tata Steel June 2016 futures traded at 330.45, near spot closing of 329.80. ICICI Bank June 2016 futures traded at 240.25, near spot closing of 238.70. Yes Bank June 2016 futures traded at 1061.95, near spot closing of 1058.20.
The June 2016 F&O contracts are set to expire on 30 June 2016. The July 2016 F&O contracts are set to expire on 28 July 2016.
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