Any idea why INFY OCT FUT is trading currently at Rs 9 discount and INFY NOV FUT is trading at Rs 2 discount than INFY spot price?
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May be expecting dividend record date to be in October before expiry.
Last year interim dividend of 15 was declared and ex date was October 26 as per moneycontrol.
So we are expecting INFY spot to fall after dividend announcement and match INFY OCT FUT price basically?
Not after announcement but after ex date.