Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 34.54 lakh crore compared with Rs 31.26 lakh crore in the previous session.
In the cash market, the Nifty 50 index tumbled 133 points or 0.93% to 14,238.90.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 3.66% to 23.2450.
RIL, Tata Motors and Kotak Mahindra Bank were the top traded stock futures contracts in F&O segment for January expiry.
The January F&O contracts will expire on 28 January 2021.
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