Turnover declines ahead of holidays

SBI March 2009 futures at discount

Nifty March 2009 futures were at 2545.50, at a discount of 27.65 points as compared to the spot closing of 2573.15. Turnover in NSE's futures & options (F&O) segment was Rs 37,897.25 crore, much lower than Rs 48,734.94 crore on Friday, 6 March 2009.

Volumes were low as day-traders and other short-term traders stayed away ahead of holidays. The market remains closed on Tuesday, 10 March 2009 and Wednesday, 11 March 2009, on account of public holidays on those two days.

State Bank of India (SBI) March 2009 futures were at discount at 887.30 compared to the spot closing of 895.30.

Reliance Industries March 2009 futures were at discount at 1149 compared to the spot closing of 1153.35.

ICICI Bank March 2009 futures were near spot price at 262.50 compared to the spot closing of 262.95.

In the cash market, the S&P CNX Nifty lost 47 points or 1.79% at 2573.15.