Nifty February 2012 futures above 5100

Turnover surges

Nifty January 2012 futures were at 5108, at a discount of 19.35 points compared to spot closing of 5127.35. Nifty February 2012 futures were at 5133, at a premium of 5.65 points compared to spot closing. Turnover on NSE's futures & options (F&O) segment surged to Rs 205305.78 crore from Rs 111827.75 crore on Monday, 23 January 2012.

State Bank of India (SBI) January 2012 futures were at 2045.10, near spot closing of 2043.90.

Axis Bank January 2012 futures were at 1022.55, near spot closing of 1020.90.



L&T January 2012 futures were at 1341.95, at a discount compared to spot closing of 1353.

In the cash market, the S&P CNX Nifty jumped 81.10 points, or 1.61% to settle at 5,127.35, its highest closing level since 14 November 2011.

The January 2012 derivatives contracts expire tomorrow, 25 January 2012. The stock market remains closed on Thursday, 26 January 2012, on account of Republic Day.