Nifty futures at a modest premium

Turnover in F&O segment declines

Nifty March 2008 futures were at 4840.15, at a premium of 11.30 points as compared to spot closing of 4828.85. The March 2008 derivative contracts will expire tomorrow, 27 March 2008.

The NSE's futures & options (F&O) segment turnover was Rs 57,628.83 crore, which was lower than Rs 66,627.57 crore on Tuesday, 25 March 2008.

Tata Steel March 2008 futures were at premium at 661.10 compared to the spot closing of 657.70.

State Bank of India (SBI) March 2008 futures were at premium at 1718 compared to the spot closing of 1713.70.

Steel Authority of India March 2008 futures were near spot price at 200.80 compared to the spot closing of 201.05.

In the cash market, the S&P CNX Nifty lost 48.65 points or 1% at 4828.85.