Nifty July 2016 futures closed at 8336.45 on Friday at a premium of 13.25 points over spot closing of 8,323.20, while Nifty August 2016 futures ended at 8373.35 at a premium of 50.15 points over spot closing. Nifty July futures saw contraction of 0.40 million (mn) units, taking the total outstanding open interest (OI) to 18.26 million (mn) units. The near month derivatives contract will expire on July 28, 2016.
From the most active contracts, State bank of India July 2016 futures traded at a premium of 1.10 points at 219.30 compared with spot closing of 218.20. The number of contracts traded were 15,010.
Punjab National Bank of July 2016 futures traded at a discount of 0.55 points at 117.25 compared with spot closing of 117.80. The number of contracts traded were 9,794.
Tata Motors July 2016 futures traded at a premium of 1.05 points at 467.35 compared with spot closing of 466.30. The number of contracts traded were 9,347.
Tata Steel July 2016 futures traded at a discount of 5.90 points at 311.80 compared with spot closing of 317.70. The number of contracts traded were 11,804.
Axis Bank July 2016 futures traded at a premium of 1.85 points at 547.25 compared with spot closing of 545.40. The number of contracts traded were 9,599.