Strategy to Play cash and Future

On Friday HDFC bank future was trading at 2422 while cash market price was 2432. I’ve 250 shares in my portfolio.
Is there any strategy to play this disparity for hedging or to make some profit?
I could have hedge my portfolio by selling Future if it was trading at higher compared to cash but here future is trading at a discount.

For that one need to sell stocks and buy futures and we need strong SLB market in India to do this, we are checking on this if something can be done. Also in this case difference is less than .5% so there won’t be much benefit after considering all transaction costs and blocking money. But yeah India need strong SLB to act on these kind of cases, for ex see jetairways,pcj fut to their spot, real arbitrage lies there.

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