Nifty May 2017 futures closed at 9364.85 on Wednesday at a premium of 4.30 points over spot closing of 9360.55, while Nifty June 2017 futures ended at 9373.15, at a premium of 12.60 points over spot closing. Nifty May futures saw a contraction of 3.64 million (mn) units, taking the total outstanding open interest (OI) to 11.66 million (mn) units. The near month derivatives contract will expire on May 25, 2017.
From the most active contracts, Tata Motors May 2017 futures traded at a discount of 2.35 points at 468.15 compared with spot closing of 470.50. The numbers of contracts traded were 39,024.
HDFC Bank May 2017 futures traded at a discount of 0.45 points at 1566.55 compared with spot closing of 1567.00. The numbers of contracts traded were 27,444.
Reliance Capital May 2017 futures traded at a premium of 3.65 points at 579.65 compared with spot closing of 576.00. The numbers of contracts traded were 22,129.
Lupin May 2017 futures traded at a discount of 4.45 points at 1230.70 compared with spot closing of 1235.15. The numbers of contracts traded were 22,017.
State Bank of India May 2017 futures traded at a premium of 0.25 points at 283.50 compared with spot closing of 283.25. The numbers of contracts traded were 21,928.