Markets decline in early trade dragged down by selling pressure in IT stocks; Sensex drops 398 points

Benchmark indices Sensex and Nifty declined in early trade on Friday dragged down by selling pressure in IT stocks post earnings announcement by TCS.

The 30-share BSE Sensex dropped 398.45 points to 82,791.83 in early trade. The 50-share NSE Nifty declined 111.25 points to 25,244.