Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 42.73 lakh crore compared with Rs 25.76 lakh crore in the previous session.
In the cash market, the Nifty 50 index fell 91.60 points or 0.61% to 14,850.75.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 1.95% to 19.83.
Tata Steel, SBI and Tata Motors were the top traded stock futures contracts in F&O segment for May expiry.
The May F&O contracts will expire on 27 May 2021.
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