Turnover on NSE's F&O segment falls sharply
The April 2016 futures on the Nifty 50 index traded at 7750.10, a modest premium of 37.05 points compared with Nifty's closing of 7713.05 in the cash market. The Nifty May 2016 futures traded at 7780, a premium of 66.95 points compared with the spot closing for the index.
Turnover on the National Stock Exchange's (NSE) futures and options (F&O) totaled Rs 1.74 lakh crore, which was sharply lower than turnover of Rs 6.48 lakh crore registered during the previous trading session. Turnover had surged yesterday, 31 March 2016, due to rollover from March 2016 contracts to April 2016 contracts. The March 2016 F&O contracts expired yesterday, 31 March 2016.
In the cash market, the Nifty lost 25.35 points or 0.32% to settle at 7,713.05, its lowest closing level since 29 March 2016.
State Bank of India (SBI), Reliance Infrastructure (RInfra), Axis Bank, Tata Steel, DLF and Reliance Industries (RIL) were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE. SBI April 2016 futures traded at 196.60, near spot closing of 195.25. Rinfra April 2016 futures traded at 557.05, near spot closing of 555.05. Axis Bank April 2016 futures traded at 450.50, near spot closing of 449.60.
Tata Steel April 2016 futures traded at 318.40, near spot closing of 316.70. DLF April 2016 futures traded at 121.40, near spot closing of 120.75. RIL April 2016 futures traded at 1042, at a premium compared with spot closing of 1035.
The April 2016 F&O contracts are set to expire on 28 April 2016. The May 2016 F&O contracts are set to expire on 26 May 2016.
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