Nifty, Sensex decline in early trade as profit-taking sets in

MUMBAI: The Sensex and Nifty indices declined in early trade on Monday as blue-chip IT firms came under selling pressure and profit-taking after the recent sharp rally in equities. The 30-share BSE Sensex fell 93.95 points to 80,919.19 in early trade and 50-share NSE Nifty dipped 30 points to 24,968.80. HCL Tech, Infosys, Power Grid, Bharti Airtel, UltraTech Cement and Tata Consultancy Services were among the major laggards in Sensex. State Bank of India, HDFC Bank, ICICI Bank and InterGlobe Aviation were the top gainers. “After a sharp weekly advance and a subdued Muhurat trading session, the market enters the…