Stock markets decline in early trade after two days of rally

MUMBAI: (Dec 23) Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday after two days of sharp rally, dragged by IT stocks.

The 30-share BSE Sensex dropped 116.57 points to 85,450.91 in early trade. The 50-share NSE Nifty declined by 27.15 points to 26,145.25.

Market experts said that trading volumes are expected to remain subdued amid the holiday-shortened week.