Nifty September 2007 futures at slight discount

Turnover declines further

The Nifty September 2007 futures settled at 4,500, a discount of 7.85 points as compared to spot closing of 4,507.85.

The NSE F&O turnover was Rs 37,333.48 crore as compared to Rs 38,666.44 crore on Friday, 7 September 2007. It has been declining from Rs 40,927.51 crore on 6 September 2007, despite 14 additional stocks started trading in the futures & options segment of NSE.

Reliance Industries September 2007 futures settled at premium, at 1990.50, compared to the spot closing of Rs 1985. It was the most active contract with turnover of Rs 1643.24 crore.

Reliance Petroleum September 2007 futures settled at premium, at 129.85, compared to the spot closing of Rs 129.05.

Tata Steel September 2007 futures settled at premium, at 696.70, compared to the spot closing of Rs 693.80.

In the cash market, the S&P CNX Nifty slipped 1.65 points or 0.04% at 4,507.85.

From 6 September 2007, 14 additional stocks started trading in the futures & options segment of NSE

The 14 stocks are 3i Infotech, Aptech, Bhushan Steel, Biocon, CMC, Havells India, Lakshmi Machine Works, NIIT Technologies, Nucleus Software, Sasken Communications, Tech Mahindra, Tulip IT Services, Welspun Gujarat Stahl Rhoren and Yes Bank.

The basket of stocks available in the derivatives segment has been on the rise. In May 2007, NSE had added 31 additional stocks in the F&O segment. NSE has also been adding some newly listed stocks in the F&O segment from the very first day of listing of these stocks. Recent inclusions were Central Bank of India and Puravankara Projects