Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday dragged down by Bajaj Finance and fresh foreign fund outflows.

The 30-share BSE Sensex depreciated by 259.36 points, or 0.31 per cent, to 83,275.99 in early trade. The 50-share NSE Nifty dropped 72.90 points, or 0.29 per cent, to 25,501.45.

Among the Sensex firms, Bajaj Finance tanked by 7 per cent as investors turned cautious after the company’s lower Assets Under Management (AUM) growth guidance and rising signs of asset stress. Bajaj Finserv fell by 6.5 per cent.

Tata Motors Passenger Vehicles, Tata Steel, PowerGrid, Asian Paints, HDFC Bank, State Bank of India, NTPC, Tech Mahindra and Kotak Mahindra Bank were also among the laggards.

Bharat Electronics Ltd, Mahindra & Mahindra, Bharti Airtel, HCL Technolog

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