Markets trade lower in early trade, Nifty below 20,850

Benchmark equity indices declined in early trade on Wednesday amid a sluggish trend in Asian markets and cautious approach adopted by investors ahead of the US Fed interest rate decision.

The 30-share BSE Sensex declined 130.21 points to 69,420.82. The Nifty dipped 29.05 points to 20,877.35.

At 10:17 am, Sensex was trading 215.77 points down at 69,335.26, whereas Nifty was trading 62.90 points lower at 20,843.50.

Among the Sensex firms, Tata Consultancy Services, Axis Bank, Infosys, Bajaj Finance, Bajaj Finserv and HDFC Bank were the major laggards.

NTPC, Power Grid, UltraTech Cement and Larsen & Toubro were among the major gainers.

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