Nifty July futures were at 5225.75, at a premium of 9.45 points over spot closing of 5216.30. Turnover on NSE's futures & options (F&O) segment rose to Rs 114457.21 crore from Rs 108368.96 crore on Tuesday, 17 July 2012.

State Bank of India (SBI) July 2012 futures were at 2188, near spot closing of 2188.40.

Bajaj Auto July 2012 futures were at 1522, near spot closing of 1521.90.

ICICI Bank July 2012 futures were at 940.75, near spot closing of 938.70.

In the cash market, the S&P CNX Nifty rose 23.45 points or 0.45% to settle at 5,216.30, its highest closing level since 13 July 2012.

The July 2012 derivatives contracts expire on 26 July 2012.