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Markets decline in early trade on foreign fund outflows, caution ahead of earnings season

Equity benchmark indices Sensex and Nifty declined in initial trade on Wednesday amid unabated foreign fund outflows and weak global market trends. Investors also turned cautious ahead of the earnings season, with TCS scheduled to announce its quarterly results on Thursday. The 30-share BSE benchmark Sensex dropped 236.42 points to 77,962.69 in early trade. The NSE Nifty declined 62.45 points to 23,645.45.