Benchmark indices fell in early trade as weak global cues, foreign fund outflows, and uncertainty over US Fed rate cuts hit investor sentiment. The Sensex dropped 298 points and Nifty 90 points, while Asian markets traded mixed.

Mumbai: Benchmark indices Sensex and Nifty declined in early trade on Thursday as fresh foreign fund outflows and no clarity on the future course of rate action by the US Federal Reserve dampened investors’ sentiment.

The 30-share BSE Sensex declined 297.96 points to 84,699.17 in early trade. The 50-share NSE Nifty dropped 90.05 points to 25,963.85.

From the Sensex firms, Sun Pharma, Bharti Airtel, Power Grid, ITC, Tata Steel and Asian Paints were among the major laggards.

However, Larsen & Toubro, Eternal, Adani Ports and Maruti were among the gainers.

For

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