NSE VIX slumped 8.83% to 22.49.
The Nifty March 2021 futures were at 15,145, a premium of 46.6 points compared with Nifty's spot closing of 15,098.40.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 46.87 lakh crore compared with Rs 25.56 lakh crore in the previous session.
In the cash market, the Nifty 50 index surged 142.2 points or 0.95% to 15,098.40.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 8.83% to 22.495.
BPCL, RIL and ICICI Bank were the top traded stock futures contracts in F&O segment for March expiry.
The March F&O contracts will expire on 25 March 2021.
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