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Nifty May 2011 futures end at 5,450.00 on Tuesday

17 May 2011 Evaluate

Nifty May 2011 futures closed at 5,450.00, at a premium of 11.05 points over spot closing of 5,438.95, while Nifty June 2011 futures were at 5,460.60 at a premium of 21.65 points over spot closing. The near month May 2011 derivatives contract expires on Thursday, May 26, 2011. Nifty May futures saw addition of 8.09% or 2.10 million (mn) units, taking the total outstanding open interest (OI) to 28.06 mn units.

From the most active underlying, SBI’s May 2011 futures closed at a discount of 15.95 points at 2389.05 compared with spot closing of 2405.00. The number of contracts traded was 122,533.

ICICI Bank May 2011 futures were at a premium of 3.60 point at 1044.00 compared with spot closing of 1040.40. The number of contracts traded was 22,993.

Tata Steel May 2011 futures were at a premium of 1.00 points at 577.00 compared with spot closing of 576.00. The number of contracts traded was 19,241.

Tata Motors May 2011 futures were at a discount of 1.40 points at 1186.45 compared with spot closing of 1187.85. The number of contracts traded was 16,300.

RIL May 2011 futures were at a premium of 4.40 points at 923.30 compared with spot closing of 918.90. The number of contracts traded was 18,293.

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