Nifty May futures trade at premium

Published on May 04, 2022 16:54

The Nifty May 2022 futures were at 16,717, a premium of 39.4 points as compared with the Nifty`s closing of 16,677.60 in the cash market.

Turnover on the National Stock Exchange`s futures & options (F&O) segment was Rs 126.73 lakh crore compared with Rs 65.17 lakh crore reported in the previous session.

In the cash market, the Nifty 50 index fell 391.50 points or 2.29% to settle at 16,677.60.

The NSE`s India VIX, a gauge of market`s expectation of volatility over the near term, jumped 7.86% to 21.88.

Tata Steel, Reliance Industries (RIL), and HDFC Bank 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.