Markets fall in early trade dragged by IT stocks

Markets fall in early trade dragged by IT stocks

MUMBAI [Maha Media]: Benchmark equity indices tanked in early trade on Friday, surrendering their two days of rally, dragged down by IT stocks, weak trends from Asian markets and continuous foreign fund outflows.

The 30-share BSE Sensex tanked 413.36 points to 72,227.83. The NSE Nifty skidded 86.8 points to 21,925.15.

From the Sensex basket, HCL Technologies, Wipro, Infosys, Tech Mahindra, Tata Consultancy Services and Tata Motors were the major laggards.
 

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