In the cash market, the Nifty 50 index dropped 353 points or 1.38% to 25,232.50.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 7.63% to 12.73.
HDFC Bank, ICICI Bank and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The January 2026 F&O contracts will expire on 27 January 2026.
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