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Sensex falls nearly 500 points, Nifty dips by 142 as markets remain volatile amid global concerns

Sensex and Nifty declined in early trade on Wednesday after a strong three-day rally, dragged by heavy selling in IT stocks. HCL Tech plunged nearly 9 per cent, while global uncertainties and FII outflows added pressure, keeping market sentiment volatile

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Market participants are expected to closely track developments in the Middle East and crude oil price movements for further cues. Representational pic

Market participants are expected to closely track developments in the Middle East and crude oil price movements for further cues. Representational pic

Amid the ongoing West Asia conflict, Indian benchmark equity indices Sensex and Nifty declined in early trade on Wednesday after a three-day rally, dragged by heavy selling in IT stocks.

The 30-share BSE Sensex on Wednesday declined by 494.12 points to 78,779.21 in early trade, while the 50-share NSE Nifty dropped by 142.2 points to 24,434.40.

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