Nifty May futures trade at premium

Published on May 10, 2021 17:06

The Nifty May 2021 futures were at 14,992, a premium of 49.65 points compared with Nifty`s spot closing of 14,942.35.

Turnover on the National Stock Exchange`s futures & options (F&O) segment was Rs 25.76 lakh crore compared with Rs 20.48 lakh crore in the previous session.

In the cash market, the Nifty 50 index surged 119.20 points or 0.8% to 14,942.35.

The NSE`s India VIX, a gauge of market`s expectation of volatility over the near term, slumped 2.86% to 20.225.

Tata Steel, RIL and SBI 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.