VIX surged 5.83% to 25.56.
The Nifty March 2021 futures were at 14,983, a premium of 44.9 points compared with Nifty's spot closing of 14,938.10.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 25.56 lakh crore compared with Rs 95.47 lakh crore in the previous session.
In the cash market, the Nifty 50 index tumbled 142.65 points or 0.95% to 14,938.10.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, surged 5.83% to 25.56.
RIL, SBI and ICICI Bank were the top traded stock futures contracts in F&O segment for March expiry.
The March F&O contracts will expire on 25 March 2021.
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