Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 174.80 lakh crore compared with Rs 113.11 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index tumbled 430.90 points or 2.65% to settle at 15,809.40.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 10.14% to 24.5575.
Infosys, Reliance Industries (RIL) and ITC were the top traded individual stock futures contracts in F&O segment of NSE.
The May 2022 F&O contracts will expire on 26 May 2022.
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