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Markets tumble in early trade after two days of rally dragged by IT stocks

Equity benchmark indices Sensex and Nifty tumbled in early trade on Tuesday, after two days of rally, dragged lower by IT stocks and weak Asian market trends. The 30-share BSE benchmark gauge Sensex dropped 460.38 points to 81,716.07 in early trade. The NSE Nifty declined 162.05 points to 24,839.10. Later, the BSE benchmark traded 627.86 points lower at 81,548.59, and the Nifty quoted 178 points down at 24,807.95.