Nifty May 2012 futures closed at 4856.90 on Wednesday

Nifty May 2012 futures closed at 4,856.90 at a discount of 1.35 points over spot closing of 4,858.25, while Nifty June 2012 futures were at 4,873.50 at a premium of 15.25 points over spot closing. The near month May 2012 derivatives contract will expire on Thursday i.e. May 31, 2012. Nifty May futures saw a addition of 0.29 million (mn) units taking the total outstanding open interest (OI) to 20.88 mn units.

From the most active contract, Tata Motors May 2012 futures were at a premium of 2.55 point at 270.55 compared with spot closing of 268.00. The number of contracts traded was 30,191.

DLF May 2012 futures were at a premium of 1.35 point at 182.65 compared with spot closing of 181.30. The number of contracts traded was 8,625.

Tata Steel May 2012 futures were at a premium of 1.55 points at 401.30 compared with spot closing of 399.75. The number of contracts traded was 19,508.

Reliance Industries May 2012 futures were at a discount of 4.90 point at 677.40 compared with spot closing of 682.30. The number of contracts traded was 13,910.

ICICI Bank May 2012 futures were at a premium of 15.60 point at 780.95 compared with spot closing of 796.55. The number of contracts traded was 19,539.