Nifty July 2016 futures closed at 8639.70 on Monday at a premium of 4.05 points over spot closing of 8,635.65, while Nifty August 2016 futures ended at 8682.10 at a premium of 46.45 points over spot closing. Nifty July futures saw contraction of 1.83 million (mn) units, taking the total outstanding open interest (OI) to 21.42 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 1.05 points at 230.65 compared with spot closing of 229.60. The number of contracts traded were 27,827.
ICICI Bank July 2016 futures traded at a premium of 1.90 points at 269.05 compared with spot closing of 267.15. The number of contracts traded were 14,367.
Vedanta of July 2016 futures traded at a discount of 0.05 points at 172.15 compared with spot closing of 172.20. The number of contracts traded were 18,614.
HDFC Bank July 2016 futures traded at a premium of 3.25 points at 1248.25 compared with spot closing of 1,245.00. The number of contracts traded were 22,452.
Axis Bank July 2016 futures traded at a discount of 0.05 points at 539.65 compared with spot closing of 539.70. The number of contracts traded were 29,702.