Nifty March 2012 futures above 5600

Turnover surges

Nifty February 2012 futures were at 5596.95, at a premium of 32.65 points over spot closing of 5564.30. Nifty March 2012 futures were at 5636.60, at a premium of 72.30 points over spot closing. Turnover on NSE's futures & options (F&O) segment surged to Rs 180852.86 crore from Rs 133022.73 crore on Thursday, 16 February 2012.

State Bank of India (SBI) February 2012 futures were at 2429.75, at a premium compared to spot closing of 2421.35.




Bharat Heavy Electricals (Bhel) February 2012 futures were at 304.35, near spot closing of 303.

Tata Motors February 2012 futures were at 275.10, near spot closing of 273.70.

In the cash market, the S&P CNX Nifty surged 42.35 points, or 0.77% to settle at 5,564.30, its highest closing level since 26 July 2011.

The near-month February 2012 derivatives contracts expire on 23 February 2012.