Markets decline in early trade on weak trends from Asian peers

New Delhi: Equity benchmark indices declined in early trade on Tuesday in line with weak trends from Asian markets and fresh foreign fund outflows.

The 30-share BSE Sensex declined 218.11 points to 73,787.83. The NSE Nifty dipped 97.45 points to 22,404.55.

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Among the Sensex components, Nestle, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Hindustan Unilever and ICICI Bank were the major laggards.

In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.

Global oil benchmark Brent crude declined 0.56 percent to USD 83.24 a barrel.

The BSE benchmark climbed 88.91 points or 0.12 percent to end at 74,005.94 in a special trading session on Saturday. The NSE Nifty advanced 35.90 points or 0.16 percent to 22,502.

The National Stock Exchange (NSE) and BSE conducted a special trading session in the equity and equity derivative segments on May 18 to check their preparedness for handling major disruptions or failures at the primary site.

Markets were closed on Monday due to the fifth phase of the Lok Sabha elections in Mumbai.

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