Nifty September 2007 futures hits all time high above 4700

Futures settle at premium

The Nifty September 2007 futures settled at 4,747, a premium of 8 points as compared to spot closing of 4,735.35. Nifty September 2007 futures also hit an all time high of 4749

This is the first time Nifty September 2007 futures settled at a premium as compared to spot closing for September 2007 series. It only indicates that short covering has taken place at lower levels.

The NSE F&O turnover was Rs 68,643.65 crore as compared to Rs 45,069.25 crore on Tuesday, 18 September 2007.

Reliance Capital September 2007 futures settled at premium, at 1515, compared to the spot closing of Rs 1509.20. It was the most active contract with turnover of Rs 1917.10 crore.

Renuka Sugars September 2007 futures settled at premium, at 692.10, compared to the spot closing of Rs 685.

However Reliance Industries September 2007 futures settled at discount, at 2174, compared to the spot closing of Rs 2180.

In the cash market, the S&P CNX Nifty up 186.15 points or 4.09% at 4,732.35. It also struck an time high of 4,739.