In the cash market, the Nifty 50 dropped 247.15 points or 1.02% to 23,951.70.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.95% to 14.51.
Reliance Industries, HDFC Bank and Infosys were the top traded individual stock futures contracts in F&O segment of NSE.
The December 2024 F&O contracts will expire on 26 December 2024.