Nifty March 2010 futures above 4,900

Turnover declines

Nifty March 2010 futures were at 4,935.95, at a premium of 13.65 points over spot closing of 4,922.30. Turnover in NSE's futures & options (F&O) segment was Rs 1,16,981.30 crore, lower than Rs 1,22,098.64 crore on Thursday, 25 February 2010.

Reliance Capital March 2010 futures were at premium at 788.95 compared to the spot closing of 784.70.

State Bank of India March 2010 futures were at premium at 1,971 compared to the spot closing of 1,968.

Tata Motors March 2010 futures were at discount at 713.95 compared to the spot closing of 715.55.

In the cash market, the S&P CNX Nifty rose 62.55 points or 1.29% at 4,922.30. Stock market investors cheered the Union Budget 2010-2011 which raised the tax exemption limit for individuals and outlined plans to bolster farming expenditure.