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Turnover on the National Stock Exchange's futures & options (F&O) segment was Rs 35.37 lakh crore compared with Rs 27.97 lakh crore in the previous session.
In the cash market, the Nifty 50 index slumped 154.40 points or 1.04% to 14,690.70.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 0.78% to 20.645.
HDFC Bank, RIL and Tata Steel were the top traded stock futures contracts in F&O segment for April expiry.
The April F&O contracts will expire on 29 April 2021.
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