<p>Mumbai: Equity benchmark indices declined in early trade on Monday in tandem with a weak trend in global markets and foreign fund outflows.</p><p>The 30-share BSE Sensex dropped 281.74 points to 80,902.19. The NSE Nifty declined 81.45 points to 24,770.70.</p><p>Among the 30 Sensex firms, Adani Ports, Tata Steel, NTPC, Power Grid, Mahindra & Mahindra and Tata Motors were the biggest laggards.</p><p>Hindustan Unilever, Asian Paints, Infosys and Tata Consultancy Services were among the gainers.</p><p>In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.</p><p>The US markets ended significantly lower on Friday.</p>.Inflation data, global trends major factors to dictate trends in markets: Analysts.<p>"The stock markets have taken a sharp bearish turn, with sentiment shifting from optimism about cooling US inflation to concerns over a potential US economic slowdown. Friday's weaker-than-expected jobs data has reignited fears of a recession, further compounded by soft manufacturing updates," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 620.95 crore on Friday, according to exchange data.</p><p>"Two factors are likely to weigh on markets: one, the outcome of the US presidential elections and two, the Fed decision on rate cut," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.</p><p>Global oil benchmark Brent crude climbed 1.24 per cent to USD 71.94 a barrel.</p><p>The BSE benchmark had tumbled 1,017.23 points or 1.24 per cent to settle at 81,183.93 on Friday. The NSE Nifty dropped 292.95 points or 1.17 per cent to 24,852.15.</p>
<p>Mumbai: Equity benchmark indices declined in early trade on Monday in tandem with a weak trend in global markets and foreign fund outflows.</p><p>The 30-share BSE Sensex dropped 281.74 points to 80,902.19. The NSE Nifty declined 81.45 points to 24,770.70.</p><p>Among the 30 Sensex firms, Adani Ports, Tata Steel, NTPC, Power Grid, Mahindra & Mahindra and Tata Motors were the biggest laggards.</p><p>Hindustan Unilever, Asian Paints, Infosys and Tata Consultancy Services were among the gainers.</p><p>In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.</p><p>The US markets ended significantly lower on Friday.</p>.Inflation data, global trends major factors to dictate trends in markets: Analysts.<p>"The stock markets have taken a sharp bearish turn, with sentiment shifting from optimism about cooling US inflation to concerns over a potential US economic slowdown. Friday's weaker-than-expected jobs data has reignited fears of a recession, further compounded by soft manufacturing updates," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 620.95 crore on Friday, according to exchange data.</p><p>"Two factors are likely to weigh on markets: one, the outcome of the US presidential elections and two, the Fed decision on rate cut," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.</p><p>Global oil benchmark Brent crude climbed 1.24 per cent to USD 71.94 a barrel.</p><p>The BSE benchmark had tumbled 1,017.23 points or 1.24 per cent to settle at 81,183.93 on Friday. The NSE Nifty dropped 292.95 points or 1.17 per cent to 24,852.15.</p>