Nifty futures hit 5,996 in likely freak trade

The October Nifty futures, the most traded contract on the 50-share NSE benchmark, likely witnessed a freak trade on Thursday as premiums over the spot market surged dramatically to near 6,000 levels. (Also read: What is freak trade in stock markets) October future prices on the Nifty jumped 2.8 per cent to a high of 5,996 before paring gains. At these levels, the near month contract (October futures) was priced higher than the ...