Stock markets trade lower during early session amid profit-taking

MUMBAI: (Oct 16) Benchmark indices Sensex and Nifty drifted lower in early trade on Friday amid profit-taking, a day after recording a sharp rally.

Relentless foreign fund outflows and a decline in blue-chip Reliance Industries after a 4 per cent rally in the previous trade added to the overall bearish trend in equities during the initial trading session.

However, strong buying in IT stocks cushioned the fall to a great extent in the market.