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The Nifty May 2024 futures closed at 22,312, a premium of 94.15 points compared with the Nifty's closing 22,217.85 in the cash market.
In the cash market, the Nifty 50 added 113.80 points or 0.51% to 22,217.85.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, declined 1.96% to 20.20.
HDFC Bank, State Bank of India and Larsen & Toubro 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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