The Nifty May 2023 futures closed at 18,232, a premium of 50.25 points compared with the Nifty's closing of 18,181.75 in the cash market.
In the cash market, the Nifty 50 slipped 104.75 points or 0.57% to settle at 18,181.75.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, declined 1.41% to 13.11.
ICICI Bank, HDFC Bank and Jubilant FoodWorks 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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