India VIX spurts 8.93% as shares declined.
The Nifty May 2022 futures were at 15,825.10, at a premium of 17.1 points as compared with the Nifty's closing of 15,808 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 207.71 lakh crore compared with Rs 118.31 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index fell 359.10 points or 2.22% to settle at 15,808.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 8.93% to 24.84.
Reliance Industries (RIL), Tata Steel and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE.
The May 2022 F&O contracts will expire on 26 May 2022.
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