Nifty May futures trade at premium

Published on May 05, 2021 16:38

The Nifty May 2021 futures were at 14,694.20, a premium 76.35 points compared with Nifty`s spot closing of 14,617.85.

Turnover on the National Stock Exchange`s futures & options (F&O) segment was Rs 44.63 lakh crore compared with Rs 37.28 lakh crore in the previous session.

In the cash market, the Nifty 50 index surged 121.35 points or 0.84% to 14,617.85.

The NSE`s India VIX, a gauge of market`s expectation of volatility over the near term, slumped 4.55% to 21.9625.

Lupin, Vedanta and Sun Pharmaceutical Inds 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.