In the cash market, the Nifty 50 gained 141.55 points or 0.61% to 23,344.75.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 4.23% to 16.42.
Kotak Mahindra Bank, Axis Bank and Zomato were the top traded individual stock futures contracts in F&O segment of NSE.
The January 2025 F&O contracts will expire on 30 January 2025.