Nifty March 2016 futures close at a premium of 23.05 points over spot closing

Nifty March 2016 futures closed 7620.05 on Tuesday at a premium of 23.05 points over spot closing of 7,597.00, while Nifty April 2016 futures ended at 7666.40 at a premium of 69.40 points over spot closing. Nifty March futures saw contraction of 2.69 million (mn) units, taking the total outstanding open interest (OI) to 16.05 million (mn) units. The near month derivatives contract will expire on March 31, 2016.                          

From the most active contracts, ICICI Bank March 2016 futures traded at a premium of 0.25 points at 224.25 compared with spot closing of 224.00. The number of contracts traded were 20,730.     

SBI March 2016 futures traded at a premium of 1.30 points at 190.00 compared with spot closing of 189.30. The number of contracts traded were 28,736.                             

Axis Bank March 2016 futures traded at a premium of 1.55 points at 430.55 compared with spot closing of 429.00. The number of contracts traded were 24,708.                                                       

HDFC Bank March 2016 futures traded at a premium of 3.60 points at 1056.60 compared with spot closing of 1,053.00. The number of contracts traded were 27,135.  

Reliance Industries March 2016 futures traded at a premium of 3.30 points at 1037.30 compared with spot closing of 1,034.00. The number of contracts traded were 19,975.