Nifty April 2016 futures closed 7911.15 on Friday at a premium of 11.85 points over spot closing of 7,899.30, while Nifty May 2016 futures ended at 7952.10 at a premium of 52.80 points over spot closing. Nifty April futures saw contraction of 0.28 million (mn) units, taking the total outstanding open interest (OI) to 15.68 million (mn) units. The near month derivatives contract will expire on April 28, 2016.
From the most active contracts, Reliance Communications April 2016 futures were trading flat compared with spot closing of 57.10. The number of contracts traded were 11,654.
SBI April 2016 futures traded at a discount of 0.15 points at 200.10 compared with spot closing of 200.25. The number of contracts traded were 32,654.
ICICI Bank April 2016 futures traded at a premium of 0.35 points at 252.55 compared with spot closing of 252.20. The number of contracts traded were 20,386.
Axis Bank April 2016 futures traded at a premium of 0.50 points at 475.30 compared with spot closing of 474.80. The number of contracts traded were 14,576.
Tata Steel April 2016 futures traded at a premium of 0.75 points at 354.55 compared with spot closing of 353.80. The number of contracts traded were 15,836.
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