Mumbai, 23/3: Equity benchmarks declined in initial trade on Thursday after a two-day rally, in line with a weak trend in global markets.
Also, a weak trend in index major Reliance Industries and IT counters added to the pressure.
The 30-share BSE Sensex fell 341 points to 57,873.59 after a weak beginning. The broader NSE Nifty declined 97.8 points to 17,054.10.
Among the Sensex stocks, Asian Paints, Wipro, HCL Technologies, Infosys, Reliance Industries, HDFC, Power Grid and Kotak Mahindra Bank were the biggest laggards.
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