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Market Commentary
Jun 20 2008 4:43PM
Turnover surges in the run up to expiry of June 2008 contracts

Nifty June 2008 future were at 4343, a discount of 4.55 points over the spot closing of 4347.55. In the cash market, Nifty plunged 156.70 points or 3.48% to 4347.55 as the latest data showing a surge in inflation to a 13-year high of 11.05% in early June 2008 rattled bourses.

NSEs futures & options (F&O;) segment turnover was Rs 58533.66 crore, much higher than Thursday (19 June 2008)s Rs 42696.18 crore. Turnover in F&O; segment often rises in the run up to the expiry of near month contract as traders roll over positions to the next month. The June 2008 F&O; contracts will expire on Thursday, 26 June 2008.

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