Nifty May 2012 futures closed at 4,981.65 on Tuesday

Nifty May 2012 futures closed at 4,981.65 at a discount of 8.45 points over spot closing of 4,990.10, while Nifty June 2012 futures were at 4,985.65 at a discount of 4.45 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 1.51 million (mn) units taking the total outstanding open interest (OI) to 16.28 mn units.

From the most active contract, Tata Motors May 2012 futures were at a premium of 2.25point at 276.15 compared with spot closing of 273.90. The number of contracts traded was 22,388.

Tata Steel May 2012 futures were at a discount of 1.15 point at 414.10 compared with spot closing of 415.25. The number of contracts traded was 18,721.

ICICI Bank May 2012 futures were at a discount of 18.85 points at 820.65 compared with spot closing of 839.50. The number of contracts traded was 26,796.

Reliance Industries May 2012 futures were at a discount of 7.55 point at 693.40 compared with spot closing of 700.95. The number of contracts traded was 15,522.  Axis Bank May 2012 futures were at a discount of 1.85 point at 1019.80 compared with spot closing of 1,021.65. The number of contracts traded was 13,795.