Nifty February 2010 futures at discount

Turnover jumps

Nifty February 2010 futures were at 4902.10, at a discount of 11.90 points over spot closing of 4914. On Tuesday, 16 February 2010, Nifty February 2010 futures had ended at premium over the spot price.

The near-month February 2010 derivatives contracts expire on Thursday, 25 February 2010, a day before the presentation of the Union Budget 2010-11 on Friday, 26 February 2010. Nifty March 2010 futures were at 4897.60, at a discount of 16.40 points over the spot closing of 4914.

Turnover on NSE's futures & options (F&O) segment surged to Rs 85124.49 crore from Rs 64999.10 crore on Tuesday.

In the spot market, the Nifty jumped 58.25 points or 1.2% to 4,914.