SENSEX AND NIFTY DOWN AMID SELLING PRESSURE IN FINANCIALS AND IT

India's equity benchmark indices experienced a downturn in early trade on Tuesday, influenced by weak trends in Asian markets and a continuation of foreign fund outflows. This decline comes as investors chose to book profits following a recent sharp rally in the markets. The 30-share BSE sensex is down by over 500 points and is trading at 71,764, while the Nifty saw a decrease of over 100 points, settling at 21,613. Notable declines were observed in major firms such as UltraTech Cement, Mahindra & Mahindra, Infosys, Asian Paints, HCL Technologies, and Larsen & Toubro. However, some companies like Sun Pharma, Bharti Airtel, Reliance Industries, Bajaj Finserv, and Power Grid managed to secure gains amidst the overall downturn.

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