Turnover drops

Nifty August 2008 futures were at 4407, at a premium of 13.95 points as compared to spot closing of 4393.05. NSE's futures & options (F&O) segment turnover was Rs 39,680.22 crore, lower than Rs 47,643.15 crore on Thursday, 14 August 2008.

Reliance Industries August 2008 futures was the most active contract with turnover of Rs 833.37 crore. The contract was at 2240, a premium compared to the spot closing of 2225.

Reliance Capital August 2008 futures were at premium at 1290.50 compared to the spot closing of 1282.70.

However Larsen & Toubro August 2008 futures were at a slight discount at 2696, compared to the spot closing of Rs 2697.

In the cash market, the S&P CNX Nifty lost 37.65 points or 0.85% at 4,393.05

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