Nifty April 2011 futures above 5800

Turnover drops

Nifty March 2011 futures were at 5,813.25, at a premium of 25.60 points over spot closing of 5,787.65. Nifty April 2011 futures were at 5,852.05, at a premium of 64.40 points over spot closing of 5,787.65.



Turnover in NSE's futures & options (F&O) dropped to Rs 153343.82 crore from Rs 176382.22 crore on Tuesday, 29 March 2011. The near-month March 2011 derivatives contracts expire on Thursday, 31 March 2011.

State Bank of India March 2011 futures were at premium at 2,874.80, compared with spot closing of 2,870.10.

Reliance Industries March 2011 futures were at premium at 1,037, compared with spot closing of 1032.15.

Tata Steel March 2011 futures were at premium at 618.35, compared with spot closing of 616.15.

In the cash market, the S&P CNX Nifty surged 51.30 points, or 0.89% to settle at 5,787.65.