Nifty May futures trade at discount

Published on May 05, 2022 16:33

The Nifty May 2022 futures were at 16,681, a discount of 1.65 points as compared with the Nifty`s closing of 16,682.65 in the cash market.

Turnover on the National Stock Exchange`s futures & options (F&O) segment was Rs 230.37 lakh crore compared with Rs 126.73 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index rose 5.05 points or 0.03% to settle at 16,682.65.

The NSE`s India VIX, a gauge of market`s expectation of volatility over the near term, tumbled 7.24% to 20.2925.

Reliance Industries (RIL), HDFC Bank and Tata Steel were the top traded individual stock futures contracts in the F&O segment of NSE.

The May 2022 F&O contracts will expire on 26 May 2022.