Nifty May futures trade at premium
Turnover spurts in F&O segment due to expiry of weekly index options.
The Nifty May 2021 futures were at 14,938, a premium of 31.95 points compared with Nifty's spot closing of 14,906.05.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 81.72 lakh crore compared with Rs 42.83 lakh crore in the previous session.
In the cash market, the Nifty 50 index declined 124.10 points or 0.83% to 14,906.05.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 1.73% to 19.6525.
Tata Steel, SBI and Adani Ports were the top traded stock futures contracts in F&O segment for May expiry.
The May F&O contracts will expire on 27 May 2021.
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