Nifty May 2012 futures closed at 4,814.55 on Wednesday

Nifty May 2012 futures closed at 4,814.55 at a discount of 21.10 points over spot closing of 4,835.65, while Nifty June 2012 futures were at 4,829.50 at a discount of 6.15 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 0.49 million (mn) units taking the total outstanding open interest (OI) to 20.47 mn units.

From the most active contract, Tata Motors May 2012 futures were at a premium of 1.10 point at 262.60 compared with spot closing of 261.50. The number of contracts traded was 15,611.

BHEL May 2012 futures were at a premium of 0.15 point at 208.40 compared with spot closing of 208.25. The number of contracts traded was 15,477.

Tata Steel May 2012 futures were at a premium of 0.50 points at 394.90 compared with spot closing of 394.40. The number of contracts traded was 12,790.

ICICI Bank May 2012 futures were at a discount of 13.05 point at 778.40 compared with spot closing of 791.45. The number of contracts traded was 17,404.

Reliance Industries May 2012 futures were at a discount of 9.90 point at 679.10 compared with spot closing of 689.00. The number of contracts traded was 9,715.