Nifty May 2012 futures closed at 5246.95 on Wednesday

Nifty May 2012 futures closed at 5246.95 at a premium of 7.8 points over spot closing of 5239.15, while Nifty June 2012 futures were at 5264.25 at a premium of 25.1 points over spot closing. The near month May 2012 derivatives contract will expire on Thursday i.e. May 31, 2012. Nifty May futures saw contraction of 0.18 million (mn) units taking the total outstanding open interest (OI) to 18.38 mn units.

From the most active contract, Tata Motors May 2012 futures were at a premium of 0.55 point at 305.55 compared with spot closing of 305.00. The number of contracts traded was 17,975.

HDIL May 2012 futures were at a premium of 0.75 point at 80.10 compared with spot closing of 79.35. The number of contracts traded was 7,391.

Pantaloon Retail May 2012 futures were at a premium of 2.15 points at 184.70 compared with spot closing of 182.55. The number of contracts traded was 15,984.

DLF May 2012 futures were at a premium of 0.75 point at 192.95 compared with spot closing of 192.20. The number of contracts traded was 8,592.

Bharti Airtel May 2012 futures were at a premium of 1.00 point at 319.90 compared with spot closing of 318.00. The number of contracts traded was 11,994.