In the cash market, the Nifty 50 index declined 346.35 points or 1.39% to 24,578.35.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.04% to 18.20.
Infosys, One 97 Communications and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The May 2025 F&O contracts will expire on 29 May 2025.