Nifty September 2016 futures trade at discount to spot price
The September 2016 futures on the Nifty 50 index traded at 8590.35, discount of 0.90 points compared with Nifty's closing of 8591.25 in the cash market. The Nifty October 2016 futures traded at 8650, a premium of 58.75 points compared with the spot closing for the index.
Turnover on the National Stock Exchange's futures & options (F&O) segment surged to Rs 11 lakh crore from turnover of Rs 5.29 lakh crore registered yesterday, 28 September 2016.
In the cash market, the Nifty fell 153.90 points or 1.76% to settle at 8,591.25, its lowest closing level since 26 August 2016.
Yes Bank, Axis Bank, ICICI Bank, Punjab National Bank and State Bank of India were the top traded individual stock futures contracts in F&O segment of NSE. Yes Bank September 2016 futures traded at 1231.05, at a discount compared with spot closing of 1238.15. Axis Bank September 2016 futures traded at 539.30, at a discount compared with spot closing of 541.05. ICICI Bank September 2016 futures traded at 250.35, at a discount compared with spot closing of 252.50.
Punjab National Bank September 2016 futures traded at 136.60, at a discount compared with spot closing of 137.60. State Bank of India September 2016 futures traded at 247.25, at a discount compared with spot closing of 249.
The September 2016 F&O contracts are set to expire on 29 September 2016. The October 2016 F&O contracts are set to expire on 27 October 2016.
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