Nifty March Futures trade at premium to spot closing
The March 2017 futures on the Nifty 50 index traded at 9046.75, at a premium of 16.30 points compared with the Nifty's spot closing of 9030.45 in the cash market. The April 2017 futures on the Nifty 50 index traded at 9074.50, at a premium of 44.05 points compared with the Nifty's spot closing.
Turnover on the National Stock Exchange's futures & options (F&O) segment rose to Rs 5.17 lakh crore from Rs 3.90 lakh crore registered during previous trading session.
In the cash market, the Nifty 50 index fell 91.05 points or 1% to settle at 9,030.45, its lowest closing level since 10 March 2017.
Axis Bank, Vedanta, Tata Steel, Reliance Industries and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. Axis Bank March 2017 futures traded at 485.75, at premium over spot closing of 485.50. Vedanta March 2017 futures traded at 261.35, at premium over spot closing of 260.70. Tata Steel March 2017 futures traded at 489.10, at premium over spot closing of 487.10.
Reliance Industries March 2017 futures traded at 1265.55, at premium over spot closing of 1260.45. ICICI Bank March 2017 futures traded at 266.15, at premium over spot closing of 265.20.
The March 2017 F&O contracts are set to expire on 30 March 2017. The April 2017 F&O contracts will expire on 27 April 2017.
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