IVR Prime futures settle at discount on debut

NSE F&O turnover surges

The Nifty August 2007 futures settled at 4,144.95, a discount of 33.65 point as compared to spot closing of 4,178.60.

The NSE F&O turnover surged to Rs 46,447.41 crore as compared to Rs 28,493.98 crore on Tuesday, 14 August 2007.

Prior to this, the NSE F&O turnover declined for the fourth straight day on 14 August 2007 to Rs 28,493.98 crore. It was Rs 31,627.64 crore on 13 August 2007, Rs 55,930.24 crore on 10 August 2007 and Rs 48,868.82 crore on 9 August 2007 respectively.

Reliance Industries August 2007 futures settled at a premium, at 1738.55, compared to the spot closing of Rs 1733.95. It was the top traded counter with turnover of Rs 1246.27 crore.

IVR Prime Urban Developers August 2007 futures settled at 416.90, a premium as compared to spot closing of Rs 414 on its debut. 7625 contracts were traded on the underlying, which has lot size of 400 shares.

GMR Infrastructures August 2007 futures settled at a premium, at 762.15, compared to the spot closing of Rs 760.30.

SBI August 2007 futures settled at a premium, at 1524.95, compared to the spot closing of Rs 1519.

Reliance Capital August 2007 futures settled at slight premium, at 1018, compared to the spot closing of Rs 1012

In the cash market, the S&P CNX Nifty lost 191.60 points or 4.38% at 4,178.60.