NSE VIX was stable at 20.52.
The Nifty April 2021 futures were at 14,917, a premium of 71.9 points compared with Nifty's spot closing of 14,845.10.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 27.97 lakh crore compared with Rs 21.44 lakh crore in the previous session.
In the cash market, the Nifty 50 index rallied 337.8 points or 2.33% to 14,845.10.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 0.62% to 20.52.
RIL, HDFC Bank and ICICI Bank were the top traded stock futures contracts in F&O segment for April expiry.
The April F&O contracts will expire on 29 April 2021.
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