Turnover on NSE's F&O segment jumps
The March 2016 futures on the 50-unit Nifty 50 index traded at 7659.60, a modest premium of 44.50 points compared with Nifty's closing of 7615.10 in the cash market. The Nifty April 2016 futures traded at 7705.85, a premium of 90.75 points compared with the spot closing for the index. Turnover on the National Stock Exchange's (NSE) futures and options (F&O) totaled Rs 3.70 lakh crore, which was sharply higher than turnover of Rs 3.01 lakh crore registered during the previous trading session.
In the cash market, the Nifty lost 101.40 points or 1.31% to settle at 7,615.10, its lowest closing level since 18 March 2016.
Reliance Industries (RIL), Axis Bank, Tata Steel, State Bank of India (SBI), ICICI Bank and HDFC Bank were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE. RIL March 2016 futures traded at 1026.40, near spot closing of 1022.50. Axis Bank March 2016 futures traded at 427, near spot closing of 425.50. Tata Steel March 2016 futures traded at 301.25 near spot closing of 299.95.
SBI March 2016 futures traded at 189.40, near spot closing of 188.70. ICICI Bank March 2016 futures traded at 227.40, near spot closing of 226.40. HDFC Bank March 2016 futures traded at 1055.50, near spot closing of 1052.30.
The March 2016 F&O contracts are set to expire on Thursday, 31 March 2016. The April 2016 F&O contracts are set to expire on 28 April 2016.
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