Equity benchmark Sensex dropped over 400 points in early trade on Thursday, dragged by losses in index majors Reliance Industries, Infosys, and HDFC Bank amid foreign fund outflow and a weak trend in global markets. The 30-share BSE index was trading 404.94 points or 0.82 percent lower at 48,775.37, and the broader NSE Nifty declined 113.50 points or 0.78 percent to 14,435.90.
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