Stock markets decline in early trade dragged down by Bajaj Finance, foreign fund outflows

MUMBAI: (Nov 11) Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday dragged down by Bajaj Finance and fresh foreign fund outflows.

The 30-share BSE Sensex depreciated by 259.36 points, or 0.31 per cent, to 83,275.99 in early trade. The 50-share NSE Nifty dropped 72.90 points, or 0.29 per cent, to 25,501.45.

Among the Sensex firms, Bajaj Finance tanked by 7 per cent as investors turned cautious after the company’s lower Assets Under Management (AUM) growth guidance and rising signs of asset stress. Bajaj Finserv fell by 6.5 per cent.