Markets decline in early trade dragged by IT stocks, weak Asian trends

Equity Benchmark indices Sensex and Nifty declined in early trade on Monday dragged lower by IT stocks and a weak trend in Asian markets.

The 30-share BSE benchmark gauge Sensex declined 214.59 points to 82,116 in early trade. The NSE Nifty dipped 54 points to 24,965.80.

From the Sensex firms, Infosys, Eternal, Tata Consultancy Services, IndusInd Bank, HCL Tech, Reliance Industries, Tech Mahindra and Mahindra & Mahindra were among the laggards.

NTPC, Asian Paints, Bajaj Finance and Hindustan Unilever were among the gainers.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading lower.

Business