Stock markets decline in early trade dragged by IT firms; RBI policy in focus
Mumbai, Feb 6 (PTI) Stock market benchmark indices Sensex and Nifty declined in early trade on Friday dragged down by IT heavyweights amid weak trend in the US equities. Investors adopted a cautious approach ahead of the RBI policy announcement later in the day and fresh foreign fund outflows. Extending its previous day’s decline, the 30-share BSE Sensex edged lower by 225.15 points to 83,088.78. The 50-share NSE Nifty dropped 89.25 points to 25,553.55. From the Sensex firms, Tech Mahindra, Tata Consultancy Services, Infosys, Asian Paints, NTPC, and HCL Tech were among the major laggards. Bajaj Finance, Kotak Mahindra Bank,