The Nifty May 2026 futures closed at 23,860, a premium of 40.15 points compared with the Nifty's closing at 23,815.85 in the cash market.

In the cash market, the Nifty 50 index fell 360.30 points or 1.49% to 23,815.85.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 10.16% to 18.55.

State Bank of India, HDFC Bank and Titan Company were the top-traded individual stock futures contracts in the F&O segment of the NSE.

The May 2026 F&O contracts will expire on 26 May 2026.