The Nifty January 2025 futures closed at 23,198, a premium of 42.65 points compared with the Nifty's closing 23,155.35 in the cash market.
In the cash market, the Nifty 50 added 130.70 points or 0.57% to 23,155.35.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 1.65% to 16.77.
HDFC Bank, Polycab India, and Axis Bank were the top traded individual stock futures contracts in F&O segment of the NSE.
The January 2024 F&O contracts will expire on 30 January 2024.