In the cash market, the Nifty 50 index sank 383.70 points or 1.64% to 23,063.10.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 22.64%.
Vodafone Idea Ltd, Vodafone Idea Ltd and Yes Bank Ltd were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The September 2026 F&O contracts will expire on 29 September 2026.