Turnover spurted in the F&O segment due to expiry of weekly index options.
The Nifty May 2021 futures were at 14,780.45, a premium 55.65 points compared with Nifty's spot closing of 14,724.80.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 79.71 lakh crore compared with Rs 44.63 lakh crore in the previous session.
In the cash market, the Nifty 50 index surged 106.95 points or 0.73% to 14,724.80.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.33% to 22.035.
Tata Steel, RIL and Cipla 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.
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