Nifty March futures trade at premium

NSE India VIX tumbled 7.31% as shares advanced.

The Nifty March 2023 futures closed at 17,538.95, a premium of 88.05 points compared with the Nifty's closing of 17,450.90 in the cash market.

Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 166.39 lakh crore compared with Rs 224.90 lakh crore reported in the previous session.

In the cash market, the Nifty 50 added 146.95 points or 0.85% to settle at 17,450.90.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 7.31% to 12.9950.

Adani Enterprises, Reliance Industries (RIL) and Adani Ports and Special Economic Zone were the top traded individual stock futures contracts in F&O segment of NSE.

The March 2023 F&O contracts will expire on 29 March 2023.

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