Nifty May 2016 futures close at a premium of 26.20 points over spot closing

Nifty May 2016 futures closed at 7732.75 on Wednesday at a premium of 26.20 points over spot closing of 7,706.55, while Nifty June 2016 futures ended at 7747.35 at a premium of 40.80 points over spot closing. Nifty May futures saw contraction of 0.60 million (mn) units, taking the total outstanding open interest (OI) to 19.19 million (mn) units. The near month derivatives contract will expire on May 26, 2016.                          

From the most active contracts, SBI May 2016 futures traded at a premium of 0.75 points at 180.45 compared with spot closing of 179.70. The number of contracts traded were 17,626.                 

ICICI Bank May 2016 futures traded at a premium of 1.60 points at 215.85 compared with spot closing of 214.25. The number of contracts traded were 25,178.           

Vedanta May 2016 futures traded at a premium of 0.70 points at 104.75 compared with spot closing of 104.05. The number of contracts traded were 11,637.  

Adani Ports and Special Economic Zone May 2016 futures traded at a premium of 1.45 points at 208.70 compared with spot closing of 207.25. The number of contracts traded were 17,933.                 

Axis Bank May 2016 futures traded at a discount of 0.45 points at 464.50 compared with spot closing of 464.95. The number of contracts traded were 16,629.