NSE VIX surged 4.62% to 21.7075.
The Nifty March 2021 futures were at 15,036.40, a premium of 5.45 points compared with Nifty's spot closing of 15,030.95.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 27.89 lakh crore compared with Rs 72.55 lakh crore in the previous session.
In the cash market, the Nifty 50 index tumbled 143.85 points or 0.95% to 15,030.95.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, surged 4.62% to 21.7075.
RIL, SBI Life 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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