Benchmark indices Sensex and Nifty tumbled in early trade on Friday as surging oil prices and unabated foreign fund outflows unnerved investors. The dip continues even after Donald Trump, on Thursday, announced a ceasefire between Israel and Lebanon. 

Sensex and Nifty dip after the opening bell

The 30-share BSE Sensex dropped 330 points to 77,334 in early trade, whereas the 50-share NSE Nifty declined 93.3 points to 24,079.75. Weakness in IT stocks and a negative trend in global markets also weighed on investor sentiment. Later, the BSE benchmark quoted 772.35 points lower at 76,876.79, and the Nifty tanked 205.45 points to 23,967.60.