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Markets decline in initial trade amid soaring inflation, foreign fund exodus

Equity benchmark indices declined in early trade on Wednesday amid retail inflation soaring to a 14-month high of 6.21 per cent in October and unabated foreign fund outflows. Muted quarterly earnings and weak trends in global markets were also the spoilsport for the markets, traders said. The BSE benchmark Sensex declined 239.69 points to 78,435.49 in early trade. The NSE Nifty went down 103.15 points to 23,780.30.