Nifty May futures trade at premium

Published on May 17, 2021 17:09

The Nifty May 2021 futures were at 14,955.40, a premium of 32.25 points compared with Nifty`s spot closing of 14,923.15.

Turnover on the National Stock Exchange`s futures & options (F&O) segment was Rs 33.06 lakh crore compared with Rs 25.40 lakh crore in the previous session.

In the cash market, the Nifty 50 index surged 245.35 points or 1.67% to 14,923.15.

The NSE`s India VIX, a gauge of market`s expectation of volatility over the near term, fell 3.25% to 19.6075.

SBI, Tata Steel and Reliance Industries 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.