Nifty December 2011 futures at premium

Turnover surges

Nifty November 2011 futures were at 4923.15, at a premium of 17.35 points compared to spot closing of 4905.80. Nifty December 2011 futures were at 4950, at a premium of 44.20 points over spot closing. Turnover on NSE's futures & options (F&O) segment surged to Rs 195058.74 crore from Rs 175339.34 crore on Thursday, 17 November 2011.

State Bank of India (SBI) November 2011 futures were at 1722, at a discount compared to spot closing of 1726.

L&T November 2011 futures were at 1252, at a premium over spot closing of 1248.90.

ICICI Bank November 2011 futures were at 775.15, at a premium over spot closing of 772.30.

In the cash market, the S&P CNX Nifty lost 28.95 points, or 0.59% to settle at 4,905.80, its lowest closing level since 7 October 2011.

The near-month November 2011 derivatives contracts expire on 24 November 2011.