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Sunday, February 10, 2008
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Market Commentary
Feb 8 2008 5:06PM
Nifty February 2008 futures at sharp discount

Nifty February 2008 futures were at 5070, at a sharp discount of 50.35 points as compared to spot closing of 5120.35

The NSE futures & options (F&O;) segment turnover declined to Rs 39421.27 crore, as compared to Rs 40921.83 crore on Thursday, 7 February 2008.

Reliance group stocks dominated turnover charts with all the top five active stocks being from Reliance pack. Reliance Natural Resources (RNRL) was the most active contract. The RNRL February 2008 futures were at slight premium, at 147.80, compared to the spot closing of 147.75. The contract saw turnover of Rs 2589.99 crore

Reliance Energy (REL) February 2008 futures were at discount, at 1895, compared to the spot closing of 1900.

Reliance Communications (RCOM) February 2008 futures were at premium, at 637.35, compared to the spot closing of 637.

In the cash market, the S&P; CNX Nifty declined 12.90 points or 0.25% at 5120.35 in volatile trade.

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