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Nifty May 2011 futures end at 5,348.00 on Wednesday

25 May 2011 Evaluate

Nifty May 2011 futures closed at 5,348.00, at a discount of 0.95 points over spot closing of 5,348.95, while Nifty June 2011 futures were at 5,342.05 at a discount of 6.90 points over spot closing. The near month May 2011 derivatives contract expires on Thursday, May 26, 2011. Nifty May futures saw addition of 19.06% or 3.96 million (mn) units, taking the total outstanding open interest (OI) to 24.75 mn units.

From the most active underlying, SBI’s May 2011 futures closed at a premium of 6.20 points at 2175.00 compared with spot closing of 2168.80. The number of contracts traded was 38,241.

SBI’s June 2011 futures were at a premium of 20.65 point at 2189.45 compared with spot closing of 2168.80. The number of contracts traded was 21,876.

Infosys May 2011 futures were at a discount of 13.50 points at 2780.50 compared with spot closing of 2794.00. The number of contracts traded was 16,238.

Tata Steel May 2011 futures were at a premium of 0.95 at 562.05 compared with spot closing of 561.10. The number of contracts traded was 19,293.

ICICI Bank May 2011 futures were at a premium of 1.60 points at 1013.10 compared with spot closing of 1011.50. The number of contracts traded was 21,128.

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