In the cash market, the Nifty 50 slipped 242.55 points or 1.06% to 22,553.35.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 0.60% to 14.44.
HDFC Bank, Reliance Industries and State Bank of India (SBI) were the top trading individual stock futures contracts in the F&O segment of the NSE.
The February 2025 F&O contracts will expire on 27 February 2025.
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