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Friday, October 12, 2007

Nifty futures at substantial premium to spot price


Turnover declines

Nifty October 2007 futures were at 5555.05, at a premium of 30.2 points as compared to spot closing of 5524.85.

NSE's futures & options (F&O) segment turnover was Rs 72,261.05 crore, which was lower than Rs 79,786.18 crore on Tuesday, 9 October 2007.

Reliance Capital October 2007 futures settled at premium, at 1,858, compared to the spot closing of Rs 1,840.40.

IBDI October 2007 futures settled at premium, at 154.25, compared to the spot closing of Rs 153.70.

Bharti Airtel October 2007 futures settled at discount, at 1,089, compared to the spot closing of Rs 1,096.25.

In the cash market, the S&P CNX Nifty was up 83.4 points or 1.53% at 5,524.85. Nifty hit a lifetime high of 5,532.75 today.