Sensex drops over 150 points in early trade; Nifty slips below 17,700

Reliance Industries was the top loser in the Sensex pack, shedding around 1 per cent, followed by PowerGrid, Kotak Bank, Maruti, Bajaj Auto and Axis Bank.

Mumbai: Equity benchmark Sensex dropped over 150 points in early trade on Thursday, tracking losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid sustained foreign fund outflow.

The 30-share Sensex was trading 178.60 points or 0.30 per cent lower at 59,234.67. Similarly, the Nifty declined 49.15 points or 0.28 per cent to 17,662.15.

Reliance Industries was the top loser in the Sensex pack, shedding around 1 per cent, followed by PowerGrid, Kotak Bank, Maruti, Bajaj Auto and Axis Bank.