NSE VIX fell 2.21% to 21.2275.
The Nifty March 2021 futures were at 14,947.90, a premium of 18.40 points compared with Nifty's spot closing of 14,929.50.Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 32.62 lakh crore compared with Rs 27.89 lakh crore in the previous session.
In the cash market, the Nifty 50 index tumbled 101.45 points or 0.67% to 14,929.50.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 2.21% to 21.2275.
SBI, ICICI Bank and RIL 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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