VIX slumped 6% as stocks rallied.
The Nifty January 2021 futures were at 14,572, a premium of 50.85 points compared with the Nifty's spot closing of 14,521.15.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 26.94 lakh crore compared with Rs 27.57 lakh crore in the previous session.
In the cash market, the Nifty 50 index soared 239.85 or 1.68% to 14,521.15.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 6.13% to 22.8975.
RIL, Tata Motors 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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