Nifty May 2012 futures closed at 4942.25 at a discount of 0.55 points over spot closing of 4,942.80, while Nifty June 2012 futures were at 4959.65 at a premium of 16.85 points over spot closing. The near month May 2012 derivatives contract will expire on Thursday i.e. May 31, 2012. Nifty May futures saw a contraction of 0.48 million (mn) units taking the total outstanding open interest (OI) to 20.59 mn units.
From the most active contract, Tata Motors May 2012 futures were at a premium of 1.50 point at 291.75 compared with spot closing of 290.25. The number of contracts traded was 17,392.
HDIL May 2012 futures were at a premium of 0.65 point at 65.05 compared with spot closing of 64.40. The number of contracts traded was 9,588.
Tata Steel May 2012 futures were at a discount of 0.75 points at 418.5 compared with spot closing of 419.25. The number of contracts traded was 14,963.
Reliance Industries May 2012 futures were at a discount of 4.90 point at 677.40 compared with spot closing of 682.30. The number of contracts traded was 13,910.
JSW Steel May 2012 futures were at a premium of 4.80 point at 657.10 compared with spot closing of 652.30. The number of contracts traded was 9,887.
