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Sensex, Nifty fall in early trade amid foreign fund exodus

The Sensex and Nifty fell in early trade on Friday amid continuous foreign fund outflows and weak trends in blue-chip stocks Reliance Industries and ICICI Bank. Market watchers said the Indian market is likely to trade sideways till clarity emerges on corporate earnings, pick up in consumption and foreign fund flows. The BSE benchmark Sensex fell by 424.42 points to 79,117.37 in early trade. The NSE Nifty declined 132.7 points to 24,066.65.