Sensex and Nifty opened lower on Wednesday amid foreign fund outflows and concerns over the US H-1B visa fee hike. Major laggards included Tech Mahindra and ICICI Bank, while Brent crude rose 0.28% and Asian markets were mixed.

Mumbai: Benchmark indices Sensex and Nifty fell in early trade on Wednesday as foreign fund outflows and concerns over the steep hike in US H-1B visa fees continue to dent investors’ sentiment.

The 30-share BSE Sensex dropped 380.48 points to 81,721.62 in early trade. The 50-share NSE Nifty declined 106.45 points to 25,063.05.

From the Sensex firms, Tech Mahindra, Tata Motors, ICICI Bank, Bharti Airtel, Tata Consultancy Services, Axis Bank, Titan and Kotak Mahindra Bank were among the major laggards.

However, Trent, NTPC, State Bank of India and Asian Paints

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