Nifty August futures trade at premium

The Nifty August 2024 futures closed at 24,404, a premium of 36.5 points compared with the Nifty's closing 24,367.50 in the cash market.

In the cash market, the Nifty 50 gained 250.50 points or 1.04% to 24,367.50.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 7.45% to 15.37.

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

The August 2024 F&O contracts will expire on 29 August 2024.