India VIX rose 2.24% as shares declined.
The Nifty May 2022 futures were at 16,203.50, at a premium of 36.4 points as compared with the Nifty's closing of 16,167.10 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 118.31 lakh crore compared with Rs 80.08 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index fell 72.95 points or 0.45 % to settle at 16,167.10.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 2.24% to 22.8025.
Reliance Industries (RIL), Tata Steel and Infosys 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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