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Stock markets decline in early trade on foreign fund outflows, US H-1B visa fees

Benchmark indices opened lower on Wednesday with Sensex dropping 380 points to 81,721 and Nifty slipping 106 to 25,063. Investor sentiment weakened due to FII outflows worth Rs 3,551 crore and concerns over steep US H-1B visa fee hikes. Tech Mahindra, Tata Motors, and ICICI Bank were among major laggards

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Representational Image. File Pic

Representational Image. File Pic

Benchmark indices Sensex and Nifty fell in early trade on Wednesday as foreign fund outflows and concerns over the steep hike in US H-1B visa fees continue to dent investors' sentiment.

The 30-share BSE Sensex dropped 380.48 points to 81,721.62 in early trade. The 50-share NSE Nifty declined 106.45 points to 25,063.05.
From the Sensex firms, Tech Mahindra, Tata Motors, ICICI Bank, Bharti Airtel, Tata Consultancy Services, Axis Bank, Titan and Kotak Mahindra Bank were among the major laggards.

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