In the cash market, the Nifty 50 index slumped 315.45 points or 1.27% to 24,450.45.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, soared 11.32% to 19.88.
HDFC Bank, Reliance Industries and ICICI Bank 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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