Nifty May 2009 futures at a substantial premium

May 2009 futures of RIL, ICICI Bank, SBI and DLF at premium

Nifty May 2009 futures were at 4370, at a premium of 46.85 points over the spot closing of 4323.15. Trading was halted at 11:55 IST today, 18 May 2009, as the market-wide circuit filters were applied following a thumping victory of the Congress-led United Progressive Alliance (UPA) government in the Lok Sabha elections.

The turnover on NSE's futures & options segment was a meagre Rs 2599.35 crore today. It was less than 5% on Friday (15 May 2009)'s turnover of Rs 52853 crore.

Reliance Industries (RIL) May 2009 futures were at a premium at Rs 2394 compared to the spot closing of Rs 2367.55.

ICICI Bank May 2009 futures were at premium at Rs 725 compared to the spot closing of Rs 707.10.

State Bank of India (SBI) May 2009 futures were at a premium at Rs 1605 compared to the spot closing of Rs 1576.55.

DLF May 2009 futures were at a premium at Rs 330 compared to the spot closing of Rs 322.65.

In the cash market, the S&P CNX Nifty rose 651.50 points or 17.74% at 4323.15.

A clear mandate for the Congress-led United Progressive Alliance (UPA) boosted hopes a strong coalition would be able to push through economic reforms that would boost foreign investment.