New Delhi: Equity benchmark indices Sensex and Nifty declined in early trade on Wednesday amid mixed global market trends as investors turned cautious due to tariff jitters and start of Q1 earnings season.

The 30-share BSE Sensex fell 170.42 points to 83,542.09 in early trade. The 50-share NSE Nifty dipped 44.35 points to 25,478.15.

From the Sensex firms, Larsen & Toubro, Tata Steel, ICICI Bank, HCL Tech, Infosys and Kotak Mahindra Bank were among the laggards.

"A significant takeaway from the recent global market trends is that the markets are largely ignoring the noise from the tariff front and are waiting for clarity to emerge. Perhaps, more important from the market perspective in the near-term will be the Q1 results," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

The US has extended the suspension of its April 2 reciprocal tariffs until August 1.

The US markets ended on a flat note on Tuesday.

Global oil benchmark Brent crude dipped 0.20 per cent to USD 70.01 a barrel.

On Tuesday, the 30-share barometer rose by 270.01 points or 0.32 percent to settle at 83,712.51. The Nifty climbed 61.20 points or 0.24 percent to close at 25,522.50.

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