Stock markets fall in early trade ahead of poll results

New Delhi: Benchmark equity indices declined in early trade on Wednesday, continuing to fall for the fourth day running, amid profit-taking by investors who are opting for a cautious approach ahead of the Lok Sabha polls' results.

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Weak cues from Asian markets also added to the negative trends in equities.

From the Sensex firms, Mahindra & Mahindra, IndusInd Bank, HDFC Bank, Tech Mahindra, Axis Bank and ICICI Bank were the biggest laggards.

Bharti Airtel, Tata Steel, Power Grid and State Bank of India were among the gainers.

"The nervousness in the market continues with uncertainty regarding the election results," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

The last phase of polling is scheduled for June 1.

Foreign Institutional Investors (FIIs) bought equities worth Rs 65.57 crore on Tuesday, according to exchange data.

After gyrating between gains and losses during the day on Tuesday, the BSE benchmark finally ended 220.05 points or 0.29 percent lower at 75,170.45. The NSE Nifty dropped 44.30 points or 0.19 percent to settle at 22,888.15.

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