In the cash market, the Nifty 50 index dropped 345.65 points or 1.49% to 22,904.45.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.13% to 13.76.
Tata Motors, Reliance Industries and HDFC Bank were the top-trading individual stock futures contracts in the F&O segment of the NSE.
The April 2025 F&O contracts will expire on 24 April 2025.
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