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In the cash market, the Nifty 50 declined 207.35 points or 0.86% to 24,039.35.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.95% to 17.22.
Maruti Suzuki India, Reliance Industries and Axis Bank were the top trading individual stock futures contracts in the F&O segment of the NSE.
The May 2025 F&O contracts will expire on 29 May 2025.
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