Nifty January 2008 futures were at 5164, a discount of 39.40 points as compared to spot closing of 5203.40.
The NSE's futures & options (F&O) segment turnover was Rs 36,073.86 crore, which was lower than Rs 44,307.58 crore on Tuesday, 22 January 2008.
Reliance Natural Resources January 2008 futures were at premium, at 140.50, compared to the spot closing of 139.40.
NTPC January 2008 futures were at discount, at 220, compared to the spot closing of 221.60.
State Bank of India January 2008 futures were at premium, at 2350.20, compared to the spot closing of 2323.75.
In the cash market, the S&P CNX Nifty gained 304.10 points or 6.21% at 5203.40.