Nifty August 2015 futures trade at premium to spot price
Nifty August 2015 futures were at 8571.70, a premium of 38.85 points over spot closing of 8532.85. Turnover on NSE's futures & options (F&O) segment dropped sharply to Rs 1.66 lakh crore from turnover of Rs 5.41 lakh crore registered yesterday, 30 July 2015. F&O turnover had surged yesterday, 30 July 2015, due to rollover of positions by traders to August 2015 series from July 2015 series. The July 2015 F&O contracts expired yesterday, 30 July 2015.
ICICI Bank August 2015 futures were at 303.10, at a premium compared with spot closing of 300.80.
State Bank of India (SBI) August 2015 futures were at 270.95, near spot closing of 269.30.
Kotak Mahindra Bank August 2015 futures were at 698.80, near spot closing of 696.
In the spot market, the 50-unit CNX Nifty jumped 111.05 points or 1.31% to settle at 8,532.85, its highest closing level since 23 July 2015.
The August 2015 F&O contracts are set to expire on 27 August 2015.
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