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The Nifty May 2024 futures closed at 22,072.85, a premium of 115.35 points compared with the Nifty's closing 21,957.50 in the cash market.
In the cash market, the Nifty 50 tanked 345 points or 1.55% to 21,957.50.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rallied 6.55% to 18.20.
State Bank of India, Larsen & Toubro and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE.
The May 2024 F&O contracts will expire on 30 May 2024.
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