Why JustDial Futures 1.5% less than cash?

[somname]

Hello everyone,

JustDial does not have any dividend coming up. Then why is the futures price so much lower than cash
price?
Can someone kindly explain please.

[sabkaview]

Just dial spot is 1020. Just dial oct future is 1010 and nov future is 1000. I want to sell oct future is 1010 and buy Nov future is 1000 and want to hold till expiry 29 of oct. Kindly suggest

I want to know what are chances that stock future of Nov month trade at discount on the day of expiry of this month oct series. ie 29 oct, 2015

the above is an old thread on just dial scene !
ALSO observe CUMMINS September 2019 future .

[somname]

Thank you for the reply @sabkaview.
I just checked and found that after this post (on 13 oct 2015), justdial crashed that expiry. It is a very similar thing today also. Cash @683, Aug Fut @673 and Sep Fut @649.

btw, Cummins Fut is just 0.1% lower than cash, but at least the stock is behaving accordingly (going down). But Justdial futures trading at 1-2% discount for 3 days and mostly going up only!