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Markets decline in early trade amid unabated foreign fund outflows, muted earnings

Benchmark sensitive indices Sensex and Nifty fell in early trade on Monday as continuous foreign fund outflows, disappointing quarterly earnings and weak trends from Asian markets dented investors' sentiment. Forex traders said the volatility in the equity market is likely to continue as the short-term trend continues to be choppy, and this consolidation is likely to continue in the near-term with a weak bias. The BSE benchmark Sensex fell by 484.98 points to 79,001.34 in early trade. The NSE Nifty declined 143.6 points to 24,004.60.