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

The Hong Kong government has moved to confiscate assets worth over $16 million linked to jailed media tycoon Jimmy Lai. Authorities have filed in court seeking forfeiture of funds and corporate shares, though details on how the assets are tied to alleged crimes remain unclear