Nifty December 2011 futures below 4800

Turnover surges

Nifty November 2011 futures were at 4703.80, at a discount of 2.65 points compared to spot closing of 4706.45. Nifty December 2011 futures were at 4723, at a premium of 16.55 points over spot closing. Turnover on NSE's futures & options (F&O) segment surged to Rs 240442.89 crore from Rs 186019.48 crore on Tuesday, 22 November 2011.

State Bank of India (SBI) November 2011 futures were at 1656, at a discount compared to spot closing of 1658.05.



ICICI Bank November 2011 futures were at 730.10, near spot closing of 730.

Reliance Industries November 2011 futures were at 773, at a discount compared to spot closing of 775.

In the cash market, the S&P CNX Nifty lost 105.90 points, or 2.2% to settle at 4,706.45, its lowest closing level since 3 November 2009.

The near-month November 2011 derivatives contracts expire tomorrow, 24 November 2011.