Turnover surges ahead of expiry

Nifty December 2008 futures at slight premium

Nifty December 2008 futures were at 2970.50, at a premium of 1.85 points as compared to the spot closing of 2968.65. Turnover in NSE's futures & options (F&O) segment surged to Rs 51,132.48 crore from Rs 47,321.10 crore on Monday, 22 December 2008.

The December 2008 derivatives contracts will expire on Wednesday, 24 December 2008, as the markets are closed on Thursday, 25 December 2008, for Christmas.

NTPC December 2008 futures were near spot price at 180 compared to the spot closing of 179.70.

State Bank of India December 2008 futures were near spot price at 1264.50 compared to the spot closing of 1264.20.

DLF December 2008 futures were near spot price at 301.75 compared to the spot closing of 301.80.

In the cash market, the S&P CNX Nifty lost 70.65 points or 2.32% at 2968.65.