In the cash market, the Nifty 50 index declined 207.95 points or 0.86% to 23,842.65.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 8.75% to 20.50.
HDFC Bank, ICICI Bank 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 28 April 2026.
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