Nifty November 2011 futures above 5200

Turnover surges

Nifty November 2011 futures were at 5247, at a premium of 55.40 points over spot closing of 5191.60. Turnover on NSE's futures & options segment surged to Rs 248830.95 crore from Rs 150469.14 crore on Monday, 24 October 2011.

State Bank of India (SBI) November 2011 futures were at 1858, at a premium over spot closing of 1842.25.



L&T November 2011 futures were at 1344.50, at a premium over spot closing of 1339.15.

ICICI Bank November 2011 futures were at 892.55, at a premium over spot closing of 887.

In the cash market, the S&P CNX Nifty surged 93.25 points or 1.83% to settle at 5,191.60, its highest closing level since 5 August 2011.

The October 2011 derivatives contracts expired today, 25 October 2011. The November 2011 derivatives contracts expire on 24 November 2011.