NSE VIX fell 1.5% to 18.8425.
The Nifty May 2021 futures were at 15,233, a premium of 24.55 points compared with Nifty's spot closing of 15,208.45.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 38.06 lakh crore compared with Rs 35.28 lakh crore in the previous session.
In the cash market, the Nifty 50 index rose 10.75 points or 0.07% to 15,208.45.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 1.5% to 18.8425.
Reliance Industries, SBI and Tata Steel and 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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