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Markets drop over 400 points in early trade amid outflows and weak earnings

The Sensex and Nifty indices fell in early trade on Monday, weighed down by continued foreign fund outflows, disappointing quarterly earnings, and weak Asian market trends. Stocks like Asian Paints saw sharp declines, while a few others showed gains.

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Representational Pic

The benchmark Sensex and Nifty indices fell in early trade on Monday, according to PTI, as persistent foreign fund outflows, disappointing quarterly earnings, and weak trends in Asian markets weighed heavily on investor sentiment.

As per PTI, forex traders indicated that market volatility is likely to persist as the short-term trend remains uncertain, with consolidation expected to continue in the near term under a weak bias. In early trade, the BSE benchmark Sensex dropped by 484.98 points, standing at 79,001.34, while the NSE Nifty lost 143.6 points, reaching 24,004.60.

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