Reason for huge discount in banknifty and nifty

General
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Can anybody explain why so much discount is there in banknifty and nifty may series???

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Does widening discount on Nifty Futures signal a bear trap? https://www.thehindubusinessline.com/markets/stock-markets/does-widening-discount-on-nifty-futures-signal-a-bear-trap/article31704343.ece?utm_campaign=amp_article_share&utm_medium=referral&utm_source=whatsapp.com

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i also want to know…any expert pls reply