Nifty February 2012 futures were at 5551.40, at a premium of 19.45 points over spot closing of 5531.95. Turnover on NSE's futures & options (F&O) segment surged to Rs 171858.87 crore from Rs 103255.13 crore on Tuesday, 14 February 2012.

Tata Motors February 2012 futures were at 287, near spot closing of 287.75.

State Bank of India (SBI) February 2012 futures were at 2255, at a premium compared to spot closing of 2247.95.

Axis Bank February 2012 futures were at 1210, matching spot closing of 1210.

In the cash market, the S&P CNX Nifty jumped 115.90 points, or 2.14% to settle at 5,531.95, its highest closing level since 27 July 2011.

The near-month February 2012 derivatives contracts expire on 23 February 2012.

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