Nifty December 2016 futures trade at premium to spot price
The Nifty December 2016 futures traded at 8,151, a premium of 71.50 points compared with the Nifty's closing of 8,079.95 in the cash market. The November 2016 futures on the Nifty 50 index traded at 8,100, a premium of 20.05 points compared with the Nifty's closing in the cash market. Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 6.21 lakh crore from turnover of Rs 4.55 lakh crore registered on Wednesday, 16 November 2016.
In the cash market, the Nifty 50 index shed 31.65 points or 0.39% to settle at 8,079.95, its lowest closing level since 26 May 2016.
Vedanta, State Bank of India (SBI), ICICI Bank, Bank of Baroda and Tata Motors were the top traded individual stock futures contracts in F&O segment of NSE. Vedanta November 2016 futures traded at 213.95, at a premium compared with spot closing of 213.90. SBI November 2016 futures traded at 279.55, at a premium compared with spot closing of 278.70. ICICI Bank November 2016 futures traded at 268.40, at a premium compared with spot closing of 268.20.
Bank of Baroda November 2016 futures traded at 176.15, at a premium over spot closing of 175.30. Tata Motors November 2016 futures traded at 475.40, same compared with spot closing of 475.40.
The November 2016 F&O contracts are set to expire on 24 November 2016. The December 2016 F&O contracts are set to expire on 29 December 2016.
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