Equity benchmarks Sensex and Nifty fell in early trade on Monday due to profit-taking and foreign fund outflows. Analysts said FIIs booking profits and reallocating to other markets capped gains despite strong October performance.

Mumbai: Benchmark indices Sensex and Nifty declined in early trade on Monday, amid profit-taking and foreign fund outflows.

The 30-share BSE Sensex declined 261.39 points to 83,677.32 in early trade. The 50-share NSE Nifty dropped 62.9 points to 25,659.20.

From the Sensex firms, Maruti, Bharat Electronics, Titan, Eternal, Bajaj Finance and Bajaj Finserv were the major laggards.

However, Mahindra & Mahindra and State Bank of India were the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,769.34 crore on Friday, while Domestic

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