Nifty November 2011 futures closed at 4,703.80 on Wednesday

Nifty November 2011 futures closed at 4,703.80 at a discount of 2.65 points over spot closing of 4,706.45, while Nifty December 2011 futures were at 4,723.00 at a premium of 16.55 points over spot closing. The near month November 2011 derivatives contract expires on Thursday, November 24, 2011. Nifty November futures saw addition of 11.22% or 2.29 million (mn) units taking the total outstanding open interest (OI) to 22.72 mn units.

From the most active contract by contract value, SBI’s November 2011 futures were at a discount of 2.05 point at 1656.00 compared with spot closing of 1658.05. The number of contracts traded was 39,231.

ICICI Bank November 2011 futures were at a premium of 0.10 point at 730.10 compared with spot closing of 730.00. The number of contracts traded was 35,618.

RIL November 2011 futures were at a discount of 2.00 points at 773.00 compared with spot closing of 775.00. The number of contracts traded was 27,601.

SBI December 2011 futures were at a discount of 13.05 point at 1645.00 compared with spot closing of 1658.05. The number of contracts traded was 25,695.

L&T November 2011 futures were at a discount of 2.50 point at 1188.00 compared with spot closing of 1190.50. The number of contracts traded was 16,501.