In the cash market, the Nifty 50 slipped 162.45 points or 0.69% to 23,526.50.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.33% to 14.66.
Tata Motors, HDFC Bank and Tata Consultancy Services were the top trading individual stock futures contracts in the F&O segment of the NSE.
The January 2025 F&O contracts will expire on 30 January 2025.