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In the cash market, the Nifty 50 declined 181.80 points or 0.77% to 23,486.85.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.21% to 13.47.
Reliance Industries (RIL), HDFC Bank and ICICI Bank were the top trading individual stock futures contracts in the F&O segment of the NSE.
The March 2025 F&O contracts will expire on 27 March 2025.
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