Nifty August 2014 futures closed at 7906.50 on Tuesday at a premium of 1.75 points over spot closing of 7,904.75, while Nifty September 2014 futures ended at 7943.55 at a premium of 38.80 points over spot closing. Nifty August futures saw contraction of 2.32 million (mn) units, taking the total outstanding open interest (OI) to 10.51 mn units. The near month derivatives contract will expire on August 28, 2014.
From the most active contracts, Hindalco Industries August 2014 futures traded at a discount of 0.40 points at 170.75 compared with spot closing of 171.15. The number of contracts traded were 20,551.
HDFC Bank August 2014 futures traded at a premium of 1.90 points at 843.80 compared with spot closing of 841.90. The number of contracts traded were 27,820.
Reliance Industries August 2014 futures traded at a premium of 1.85 points at 994.20 compared with spot closing of 992.35. The number of contracts traded were 26,969.
Jindal Steel & Power August 2014 futures traded at a discount of 0.20 points at 237.55 compared with spot closing of 237.75. The number of contracts traded were 28,032.
Tata Steel August 2014 futures traded at a premium of 1.20 points at 526.15 compared with spot closing of 524.95. The number of contracts traded were 20,611.