NSE's VIX index slumped 5.88% to 21.55.
The Nifty January 2021 futures were at 14,633, a discount of 11.7 points compared with the Nifty's spot closing of 14,644.70.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 33.42 lakh crore compared with Rs 26.94 lakh crore in the previous session.
In the cash market, the Nifty 50 index soared 123.55 or 0.85% to 14,644.70.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 5.88% to 21.55.
Tata Motors, RIL and Bajaj Finance were the top traded stock futures contracts in F&O segment for January expiry.
The January F&O contracts will expire on 28 January 2021.
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