Nifty May futures trade at premium
The Nifty May 2021 futures were at 15,222, a premium of 46.7 points compared with Nifty's spot closing of 15,175.30.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 28.37 lakh crore compared with Rs 81.72 lakh crore in the previous session.
In the cash market, the Nifty 50 index rallied 269.25 points or 1.81% to 15,175.30.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 2.91% to 19.08.
SBI, RIL and ICICI Bank 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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