Markets tumble in early trade as rising oil prices dent sentiment; Sensex drops 553 points
Mumbai, Jul 14 (PTI) Market benchmark indices Sensex and Nifty declined in early trade on Tuesday dragged by a sharp rally in crude oil prices due to the renewed flare-up in West Asia. Fresh foreign fund outflows and a weak trend in global peers also put pressure on the markets. The 30-share BSE Sensex dropped 552.99 points to 77,063.41 in early trade. The 50-share NSE Nifty declined 160.45 points to 24,050.55. From the Sensex pack, InterGlobe Aviation, HCL Tech, Bajaj Finance, Mahindra & Mahindra, UltraTech Cement and Larsen & Toubro were the biggest laggards. Bharti Airtel, Tata Consultancy Services, Adani