Nifty January 2012 futures above 4800

Turnover declines

Nifty January 2012 futures were at 4802, at a premium of 23 points compared to spot closing of 4779. Nifty December 2011 futures were at 4783, near spot closing of 4779. Turnover on NSE's futures & options (F&O) segment declined to Rs 115801.15 crore from Rs 130308.16 crore on Friday, 23 December 2011.

State Bank of India (SBI) December 2011 futures were at 1669.90, at a premium over spot closing of 1664.50.



Reliance Industries December 2011 futures were at 762.20, at a premium over spot closing of 759.45.

ICICI Bank December 2011 futures were at 728.50, near spot closing of 727.

In the cash market, the S&P CNX Nifty jumped 65 points, or 1.38% to settle at 4,779, its highest closing level since 13 December 2011.

The near-month December 2011 derivatives contracts expire on Thursday, 29 December 2011.