VIX fell 1.87% to 19.24.
The Nifty May 2021 futures were at 15,151, a premium of 42.9 points compared with Nifty's spot closing of 15,108.10.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 36.49 lakh crore compared with Rs 33.06 lakh crore in the previous session.
In the cash market, the Nifty 50 index surged 184.95 points or 1.24% to 15,108.1.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 1.87% to 19.24.
SBI, RIL and Tata Steel 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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