Nifty, Sensex Futures Drop

The derivatives markets at both the exchanges today witnessed a reversal in the upward trend it witnessed over the last few trading sessions as fresh reports of Indo-Pak border tension arose.

Nifty June futures ended at a discount to the cash market by dropping 11.65 points at 1047.50 against S&P CNX Nifty closing at 1048.80. The volumes in Nifty June futures registered at 5061 contracts and open interest declined to 3908 contracts.

However, Nifty July futures closed at a premium to the spot market, despite a drop of 11.75 points at 1050.10 points amid a volume of 150 contracts and higher open interest at 460 contracts. Nifty August futures also closed at a premium to the spot market despite a drop of 11.70 points at 1053, amid a volume of a meagre 26 contracts and an open interest of 74 contracts.

 

Though on the BSE, the Sensex June futures dropped only 38.70 points at 3219.80 against a drop of 41.55 points fall in Sensex at 3217, the Sensex futures marked a premium to the cash market unlike NSE.

NSE derivatives segment registered a total volume of Rs 982.46 crore in value terms and 38,539 contracts in volume terms. Nifty futures accounted for Rs 109.91 crore (5237 contracts), Nifty options accounted for Rs 20.80 crore (977 contracts), Stock futures accounted for Rs 656.08 crore (24,991 contracts) and Stock options accounted for Rs 195.68 crore (7,334 crore).