Markets fall in early trade after record-breaking rally

Equity benchmark indices declined in early trade on Monday after a record-breaking rally last week, in line with weak trends in global markets and caution ahead of the US Federal Reserve’s interest rate decision.

 

After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03. The Nifty declined 70.7 points to 20,121.65.

 

Among the Sensex firms, Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were the major laggards.