Equity markets declined in early trading on Wednesday as inflation soared to a 14-month high of 6.21 per cent in October, further weighed down by continued foreign fund outflows, according to PTI. Market sentiment was also dampened by muted quarterly earnings and weak trends in global markets, traders noted.

As per PTI, the BSE benchmark Sensex fell by 239.69 points to reach 78,435.49 in early trade, while the NSE Nifty dropped 103.15 points to 23,780.30. Within the 30-share Sensex pack, leading decliners included Mahindra & Mahindra, Maruti, Tata Steel, Sun Pharma, Nestle, and ITC. On the other hand, Titan, HDFC Bank, Bharti Airtel, and NTPC were among the few shares that saw gains.