Nifty June 2011 futures end at 5,546.00 on Tuesday

Nifty June 2011 futures closed at 5,546.00, at a premium of just 0.70 point over spot closing of 5,545.30, while Nifty July 2011 futures were at 5,565.00 at a premium of 19.70 points over spot closing. The near month June 2011 derivatives contract expires on Thursday, June 30, 2011. Nifty June futures saw addition of 13.56% or 2.64 million (mn) units, taking the total outstanding open interest (OI) to 22.19 mn units.

From the most active underlying, SBI’s June 2011 futures closed at a discount of 2.00 points at 2338.00 compared with spot closing of 2340.00. The number of contracts traded was 25,753.

ICICI Bank June 2011 futures were at a premium of 3.25 point at 1080.40 compared with spot closing of 1077.15. The number of contracts traded was 17,723.

RIL June 2011 futures were at a premium of 1.50 points at 873.00 compared with spot closing of 871.50. The number of contracts traded was 20,708.

Tata Steel June 2011 futures were at a premium of 1.70 at 588.50 compared with spot closing of 586.80. The number of contracts traded was 14,973.

Tata Motors June 2011 futures were at a discount of 0.15 at 983.45 compared with spot closing of 983.60. The number of contracts traded was 17,223.