India VIX fell 5.74% to 18.56.
The Nifty February 2022 futures were at 17,487, at a premium of 23.2points as compared with the Nifty's closing of 17,463.80 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 86.57 lakh crore compared with Rs 99.43 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index added 197.05 points or 1.14% to settle at 17,463.80.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, declined 5.74% to 18.56.
Reliance Industries, HDFC and Tata Steel were the top traded individual stock futures contracts in F&O segment of NSE.
The F&O contracts expires on 24 February 2022.
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