Volatility index a tad higher

Nifty April 2010 futures at discount

The Nifty April 2010 futures were at 5257.10, at a discount of 5.50 points to the spot closing of 5262.60. In the cash market, the S&P CNX Nifty lost 11 points or 0.21% to settle at 5262.60 as investors turned cautious ahead of a monetary policy review next week from the Reserve Bank of India (RBI).

Turnover on NSE's futures & options (F&O) segment rose to Rs 75829.74 crore from Rs 73714.54 crore on Thursday, 15 April 2010.

NSE's volatility index, India VIX, rose almost 1% to 21.78. The index had jumped 7.15% on Thursday. India VIX is a measure of the market's expectation of volatility over the next 30 calendar days. The index is calculated based on the S&P CNX Nifty options prices.