Nifty May 2011 futures closed at 5,479.00, at a discount of 7.35 points over spot closing of 5,486.35, while Nifty June 2011 futures were at 5,487.70 at a premium of 1.35 points over spot closing. The near month May 2011 derivatives contract expires on Thursday, May 26, 2011. Nifty May futures saw addition of 5.28% or 1.34 million (mn) units, taking the total outstanding open interest (OI) to 26.78 mn units.
From the most active underlying, L&T May 2011 futures closed at a premium of 2.00 points at 1658.00 compared with spot closing of 1656.00. The number of contracts traded was 41,794.
ITC May 2011 futures were at a discount of 0.60 point at 186.10 compared with spot closing of 186.70. The number of contracts traded was 21,577.
SBI’s May 2011 futures were at a premium of 5.80 points at 2323.80 compared with spot closing of 2318.00. The number of contracts traded was 26,511.
Tata Steel May 2011 futures were at a premium of 0.35 points at 580.35 compared with spot closing of 580.00. The number of contracts traded was 18,979.
Tata Motors May 2011 futures were at a premium of 1.75 points at 1166.50 compared with spot closing of 1164.75. The number of contracts traded was 17,175.
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