In the cash market, the Nifty 50 slipped 91.85 points or 0.39% to 23,707.90.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 6.32% to 14.66.
Tata Motors, Oil & Natural Gas Corporation, and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The January 2025 F&O contracts will expire on 30 January 2025.