Nifty May 2012 futures closed at 4,888.95 on Friday

Nifty May 2012 futures closed at 4,888.95 at a discount of 2.50 points over spot closing of 4,891.45, while Nifty June 2012 futures were at 4,903.35 at a premium of 11.90 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 contraction of 0.71 million (mn) units taking the total outstanding open interest (OI) to 20.76 mn units.

From the most active contract, Tata Motors May 2012 futures were at a premium of 0.75 point at 261.40 compared with spot closing of 260.65. The number of contracts traded was 26,131.

BHEL May 2012 futures were at a premium of 0.40 point at 201.65 compared with spot closing of 201.25. The number of contracts traded was 10,434.

Tata Steel May 2012 futures were at a premium of 0.35 points at 400.35 compared with spot closing of 400.00. The number of contracts traded was 21,629.

ICICI Bank May 2012 futures were at a discount of 18.00 point at 791.20 compared with spot closing of 809.20. The number of contracts traded was 20,976.

Reliance Industries May 2012 futures were at a discount of 7.10 point at 681.90 compared with spot closing of 689.00. The number of contracts traded was 14,047.