In the cash market, The Nifty 50 index tumbled 495.20 points or 1.96% to 24,825.45.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was up 10.72% to 15.10.
Bharat Electronics (BEL), Bombay Stock Exchange (BSE) and HDFC Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The February 2026 F&O contracts will expire on 24 February 2026.
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