Nifty October 2011 futures above 5100

Turnover surges

Nifty October 2011 futures were at 5146.35, at a premium of 7.20 points over spot closing of 5139.15. Turnover on NSE's futures & options segment surged to Rs 137726.54 crore from Rs 122386.39 crore on Tuesday, 18 October 2011.

State Bank of India (SBI) October 2011 futures were at 1914.85, at a premium over spot closing of 1909.25.



L&T October 2011 futures were at 1399, at a premium over spot closing of 1393.90.

ICICI Bank October 2011 futures were at 908.85, at a premium over spot closing of 906.25.

In the cash market, the S&P CNX Nifty surged 101.65 points or 2.02% to settle at 5,139.15, its highest closing level since 20 September 2011.

The near-month October 2011 derivatives contracts expire on 25 October 2011.