Nifty March futures trade at premium to spot price
The March 2016 futures on the 50-unit Nifty 50 index traded at 7613.50, a premium of 16.50 points compared with Nifty's closing of 7597 in the cash market. The Nifty April 2016 futures traded at 7660, a premium of 63 points compared with the spot closing for the index. Turnover on the National Stock Exchange's (NSE) futures and options (F&O) totaled Rs 4.53 lakh crore, which was sharply higher than turnover of Rs 3.70 lakh crore registered during the previous trading session.
In the cash market, the Nifty lost 18.10 points or 0.24% to settle at 7,597, its lowest closing level since 17 March 2016.
Lupin, HDFC Bank, State Bank of India (SBI), Axis Bank, Reliance Industries (RIL) and Sun Pharmaceutical Industries (Sun Pharma) were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE. Lupin March 2016 futures traded at 1410.20, at a premium over spot closing of 1404.95. HDFC Bank March 2016 futures traded at 1054.45, near spot closing of 1053. SBI March 2016 futures traded at 190, near spot closing of 189.30.
Axis Bank March 2016 futures traded at 430.10, near spot closing of 429. RIL March 2016 futures traded at 1035.50, near spot closing of 1034. Sun Pharma March 2016 futures traded at 796, at a premium compared with the stock's spot closing of 793.15.
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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