Nifty January 2016 futures close at a discount of 2.35 points over spot closing

Nifty January 2016 futures closed 7306.95 on Wednesday at a discount of 2.35 points over spot closing of 7,309.30, while Nifty February 2016 futures ended at 7323.25 at a premium of 13.95 points over spot closing. Nifty January futures saw contraction of 0.01 million (mn) units, taking the total outstanding open interest (OI) to 20.80 million (mn) units. The near month derivatives contract will expire on January 28, 2016.                 

From the most active contracts, SBI January 2016 futures traded at a premium of 0.35 points at 173.90 compared with spot closing of 173.55. The number of contracts traded were 26,344.             

ICICI Bank January 2016 futures traded at a discount of 2.45 points at 223.95 compared with spot closing of 226.40. The number of contracts traded were 12,909.                       

Axis Bank January 2016 futures traded at a discount of 4.35 points at 387.65 compared with spot closing of 392.00. The number of contracts traded were 25,066.                          

Reliance Industries January 2016 futures traded at a discount of 1.95 points at 1007.20 compared with spot closing of 1,009.15. The number of contracts traded were 44,353.             

HDFC Bank January 2016 futures traded at a discount of 1.95 points at 1016.55 compared with spot closing of 1,018.50. The number of contracts traded were 12,475.