The Nifty May 2023 futures closed at 18,408, a premium of 9.15 points compared with the Nifty's closing of 18,398.85 in the cash market.
In the cash market, the Nifty 50 advanced 84.05 points or 0.46% to settle at 18,398.85.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 2.48% to 13.17.
Tata Motors, DLF and Adani Enterprises were the top traded individual stock futures contracts in F&O segment of NSE.
The May 2023 F&O contracts will expire on 25 May 2023.
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