In the cash market, the Nifty 50 index dropped 385.20 points or 1.55% to 24,480.50.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 23.40% to 21.14.
HDFC Bank, Reliance Industries and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The March 2026 F&O contracts will expire on 30 March 2026.
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