Nifty May futures trade at premium

Published on May 06, 2021 17:03

The Nifty May 2021 futures were at 14,780.45, a premium 55.65 points compared with Nifty`s spot closing of 14,724.80.

Turnover on the National Stock Exchange`s futures & options (F&O) segment was Rs 79.71 lakh crore compared with Rs 44.63 lakh crore in the previous session.

In the cash market, the Nifty 50 index surged 106.95 points or 0.73% to 14,724.80.

The NSE`s India VIX, a gauge of market`s expectation of volatility over the near term, rose 0.33% to 22.035.

Tata Steel, RIL and Cipla 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.