India VIX jumped 8.14% to 20.44.
The Nifty February 2022 futures were at 17,213.80, a premium of 0.20 points as compared with the Nifty's closing of 17,213.60 in the cash market.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 71.96 lakh crore compared with Rs 56.08 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index declined 302.70 points or 1.73% to settle at 17,213.60.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, surged 8.14% to 20.44.
SBI, Tata Steel and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE.
The F&O contracts expires on 24 February 2022.
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