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Markets drop in early trade dragged by ITC

Equity benchmark indices Sensex and Nifty dropped in early trade on Wednesday, dragged by ITC amid stake sale reports. The 30-share BSE benchmark gauge Sensex declined 200.32 points to 81,351.31 in early trade. The NSE Nifty dipped 61.2 points to 24,765. From the Sensex firms, ITC, IndusInd Bank, Nestle, Titan, Kotak Mahindra Bank, Mahindra & Mahindra, Reliance Industries and Maruti were among the laggards.