<p>Mumbai: Stock market benchmark indices Sensex and Nifty declined in early trade on Wednesday in-line with a muted trend in global equities amid an uptick in US inflation.</p><p>Tariff-related uncertainty also made investors to stay on the sidelines, experts said.</p><p>The 30-share BSE Sensex dropped 103.16 points to 82,467.75 in early trade. The 50-share NSE Nifty dipped 56.75 points to 25,139.05.</p><p>From the Sensex firms, Mahindra & Mahindra, Tata Motors, Tata Steel, Eternal, Bajaj Finance and Bajaj Finserv were among the major laggards.</p><p>However, Trent, Tech Mahindra, Adani Ports and HDFC Bank were among the gainers.</p>.Markets wilt under selling pressure; Sensex drops 345 points on weakness in IT stocks.<p>In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index quoted lower while Hong Kong's Hang Seng traded in the positive territory.</p><p>The US markets ended mostly lower on Tuesday.</p><p>"The market has been oscillating in a narrow range during the last two months. A breakout above the upper band of the range, well beyond Nifty 25,500, needs positive triggers. Such a trigger may come from an India-US trade deal with tariffs on India pegged at around 20 per cent. If this happens, can it trigger a sustained rally in the market? Unlikely. A sustained rally in the market needs earnings support," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.</p><p>There are no signs of a strong earnings support and earnings growth visibility, he said.</p><p>"Two big segments of the market - IT services and consumption, particularly FMCG - are struggling with tepid earnings," Vijayakumar added.</p><p>Foreign Institutional Investors (FIIs) bought equities worth Rs 120.47 crore on Tuesday, according to exchange data.</p><p>"The Nifty is likely to open cautiously as traders digest sticky US inflation data and ongoing tariff threats...," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said in his pre-opening market commentary.</p><p>Global oil benchmark Brent crude went up by 0.20 per cent to $68.85 a barrel.</p><p>On Tuesday, the Sensex climbed 317.45 points or 0.39 per cent to settle at 82,570.91. The Nifty edged higher by 113.50 points or 0.45 per cent to 25,195.80.</p>
<p>Mumbai: Stock market benchmark indices Sensex and Nifty declined in early trade on Wednesday in-line with a muted trend in global equities amid an uptick in US inflation.</p><p>Tariff-related uncertainty also made investors to stay on the sidelines, experts said.</p><p>The 30-share BSE Sensex dropped 103.16 points to 82,467.75 in early trade. The 50-share NSE Nifty dipped 56.75 points to 25,139.05.</p><p>From the Sensex firms, Mahindra & Mahindra, Tata Motors, Tata Steel, Eternal, Bajaj Finance and Bajaj Finserv were among the major laggards.</p><p>However, Trent, Tech Mahindra, Adani Ports and HDFC Bank were among the gainers.</p>.Markets wilt under selling pressure; Sensex drops 345 points on weakness in IT stocks.<p>In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index quoted lower while Hong Kong's Hang Seng traded in the positive territory.</p><p>The US markets ended mostly lower on Tuesday.</p><p>"The market has been oscillating in a narrow range during the last two months. A breakout above the upper band of the range, well beyond Nifty 25,500, needs positive triggers. Such a trigger may come from an India-US trade deal with tariffs on India pegged at around 20 per cent. If this happens, can it trigger a sustained rally in the market? Unlikely. A sustained rally in the market needs earnings support," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.</p><p>There are no signs of a strong earnings support and earnings growth visibility, he said.</p><p>"Two big segments of the market - IT services and consumption, particularly FMCG - are struggling with tepid earnings," Vijayakumar added.</p><p>Foreign Institutional Investors (FIIs) bought equities worth Rs 120.47 crore on Tuesday, according to exchange data.</p><p>"The Nifty is likely to open cautiously as traders digest sticky US inflation data and ongoing tariff threats...," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said in his pre-opening market commentary.</p><p>Global oil benchmark Brent crude went up by 0.20 per cent to $68.85 a barrel.</p><p>On Tuesday, the Sensex climbed 317.45 points or 0.39 per cent to settle at 82,570.91. The Nifty edged higher by 113.50 points or 0.45 per cent to 25,195.80.</p>