Turnover spurts on NSE's F&O segment due to weekly expiry of index options.
The Nifty March 2020 futures were at 8,211.05, a discount of 52.40 points compared with the spot at 8,263.45.
Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 18.07 lakh crore compared with Rs 10.10 lakh crore reported in the previous session.
In the cash market, the Nifty 50 index tumbled 205.35 points or 2.42% at 8,263.45.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 12.5% to 71.95.
On the options front, the Nifty option chain for 26 March 2020 expiry showed maximum call open interest (OI) of 21.56 lakh at the 12,000 strike price. Maximum put OI of 18.65 lakh contracts was seen at 11,000 strike price.
State Bank of India (SBI), ICICI Bank and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE.
SBI March 2020 futures were at 202.75, compared with spot closing price of 203.45. ICICI Bank March 2020 futures were at 334.30 compared with spot closing price of 335.40. HDFC Bank March 2020 futures were at 896.50, compared with spot closing price of 904.60.
The F&O contracts for March expire on 26 March 2020.
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