Nifty April 2016 futures closed at 7702.10 on Monday at a premium of 30.70 points over spot closing of 7,671.40, while Nifty May 2016 futures ended at 7735.30 at a premium of 63.90 points over spot closing. Nifty April futures saw contraction of 0.31 million (mn) units, taking the total outstanding open interest (OI) to 15.37 million (mn) units. The near month derivatives contract will expire on April 28, 2016.
From the most active contracts, SBI April 2016 futures traded at a premium of 0.65 points at 189.10 compared with spot closing of 188.45. The number of contracts traded were 20,228.
ICICI Bank April 2016 futures traded at a premium of 0.95 points at 225.85 compared with spot closing of 224.90. The number of contracts traded were 15,267.
Axis Bank April 2016 futures traded at a premium of 1.85 points at 431.95 compared with spot closing of 430.10. The number of contracts traded were 13,315.
Tata Steel April 2016 futures traded at a premium of 2.50 points at 332.70 compared with spot closing of 330.20. The number of contracts traded were 15,818.
Tata Motors April 2016 futures traded at a premium of 1.55 points at 387.55 compared with spot closing of 386.00. The number of contracts traded were 11,029.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: