Stock markets drop in early trade on renewed geopolitical concerns

MUMBAI: (May 5) Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday amid fresh tensions in the Strait of Hormuz region.

The rupee falling to all-time low of 95.40 against US dollar in early trade also added to the weak trend in equities.

The 30-share BSE Sensex declined 361.62 points to 76,907.78 in early trade. The 50-share NSE Nifty dropped 134.90 points to 23,980.60.