NSE VIX fell 6.98% as shares advanced.
The Nifty June 2022 futures were at 16,651.20, a discount of 10.20 points compared with the Nifty's closing of 16,661.40 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 58.37 lakh crore compared with Rs 48.56 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index surged 308.95 points or 1.89% to settle at 16,661.40, rising for the third straight session.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, tumbled 6.98% to 19.98.
Reliance Industries, Infosys, and Jubilant FoodWorks were the top traded individual stock futures contracts in F&O segment of NSE.
The June 2022 F&O contracts will expire on 30 June 2022.
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