Stock markets decline in early trade dragged by IT firms, weak US cues

MUMBAI: (Feb 12) Benchmark equity indices Sensex and Nifty declined in early trade on Thursday dragged down by heavy losses in IT stocks such as Infosys and Tata Consultancy Services amid weak cues from US markets.

Extending the previous day’s decline, the 30-share BSE Sensex dropped 421.66 points, or 0.50 per cent, to 83,811.98 in early trade. The 50-share NSE Nifty fell 121.10 points, or 0.47 per cent, to 25,832.75.

Analysts said rising crude oil prices also added to the cautious sentiment among investors.