Markets drop in early trade on foreign capital outflows

The 30-share BSE Sensex declined 193.99 points to 63,680.94. The Nifty slipped 47 points to 19,032.60. Among the Sensex firms, JSW Steel, Bharti Airtel, Kotak Mahindra Bank, HDFC Bank, Asian Paints, Tata Steel, Power Grid and Nestle were the major laggards. Mahindra & Mahindra, Wipro, HCL Technologies, Bajaj Finserv and Tata Motors were the major gainers. The US markets ended in positive territory on Tuesday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 696.02 crore on Tuesday, according to exchange data.

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