Nifty November 2007 futures turn to discount from premium over spot price

Turnover declines sharply

Nifty November 2007 futures were at 5762, a discount of 20.35 points over spot Nifty closing of 5782.35. On Tuesday, 6 November 2007, Nifty November 2007 futures had settled at a premium of 15.75 points over spot price.

Turnover on NSE’s futures & options (F&O) segment was Rs 62678.11 crore today, which was much lower than Tuesday’s Rs 82952.01 crore.

Reliance Industries (RIL) November 2007 futures were at 2774, at a premium over spot price of Rs 2770.90.

Reliance Natural Resources November 2007 futures were at 152.60, at a premium over spot closing of Rs 151.25.

Reliance Petroleum (RPL) November 2007 futures were at 214, at a discount over spot closing of Rs 218.80.

In cash market, Nifty lost 4.15 points or 0.07% to settle at 5782.35.