Turnover surges

Nifty April 2009 futures were at 3359, at a discount of 3.35 points as compared to the spot closing of 3362.35. Turnover in NSE's futures & options (F&O) segment surged to Rs 81,137.88 crore from Rs 75,777.22 crore on Monday, 27 April 2009.

The near-month April 2009 futures contract will expire tomorrow, 29 April 2009, as the stock market remains closed on Thursday, 30 April 2009 on account of voting for the parliamentary elections in Mumbai on 30 April 2009. As per reports, rollover of Nifty positions from April 2009 series to May 2009 series stood at 48% while those of stock futures were 37%, as on Monday, 27 April 2009.

State Bank of India April 2009 futures were at premium at 1237 compared to the spot closing of 1235.60.

ICICI Bank April 2009 futures were at discount at 438.25 compared to the spot closing of 439.20.

Axis Bank April 2009 futures were at discount at 528 compared to the spot closing of 530.70.

In the cash market, the S&P CNX Nifty lost 107.65 points or 3.10% at 3362.35.