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The Nifty May 2023 futures closed at 18,230.50, a premium of 27.1points compared with the Nifty's closing of 18,203.40 in the cash market.
In the cash market, the Nifty 50 advanced 73.45 points or 0.41% to settle at 18,203.40.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slipped 3.84% to 12.30.
State Bank of India (SBI), HDFC Bank 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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