Nifty May 2011 futures closed at 5,427.00, at a premium of 6.40 points over spot closing of 5,420.60, while Nifty June 2011 futures were at 5,439.00 at a premium of 18.40 points over spot closing. The near month May 2011 derivatives contract expires on Thursday, May 26, 2011. Nifty May futures saw addition of 1.96% or 0.51 million (mn) units, taking the total outstanding open interest (OI) to 26.65 mn units.
From the most active underlying, SBI’s May 2011 futures closed at a discount of 15.95 points at 2337.05 compared with spot closing of 2353.00. The number of contracts traded was 58,836.
Tata Motors May 2011 futures were at a premium of 1.80 point at 1149.95 compared with spot closing of 1148.15. The number of contracts traded was 22,470.
Bajaj Auto May 2011 futures were at a premium of 4.60 points at 1289.00 compared with spot closing of 1284.40. The number of contracts traded was 17,667.
Infosys May 2011 futures were at a discount of 15.10 points at 2830.00 compared with spot closing of 2845.10. The number of contracts traded was 14,330.
ICICI Bank May 2011 futures were at a premium of 3.70 points at 1036.00 compared with spot closing of 1032.30. The number of contracts traded was 18,099.