VIX rose 2.88% to 23.6925.
The Nifty May 2021 futures were at 14,700 at a premium 65.85 points compared with Nifty's spot closing of 14,634.15.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 30.48 lakh crore compared with Rs 22.40 lakh crore in the previous session.
In the cash market, the Nifty 50 index rose 3.05 points or 0.02% to 14,634.15.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 2.88% to 23.6925.
Reliance Industries, Tata Steel and SBI 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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