Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Friday after a three-day rally dragged by Infosys and Axis Bank. Also, continuous foreign fund outflows and muted global trends added to the markets decline. The 30-share BSE benchmark Sensex declined 485 points to 76,557.79 in early trade. The NSE Nifty dropped 144.75 points to 23,167.05. From the 30-share blue-chip pack, Infosys dropped over 5 per cent despite raising its annual sales forecast for a third time
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