Mumbai: Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.
The 30-share BSE Sensex declined 296.79 points to 73,556.15. The NSE Nifty dipped 97.15 points to 22,305.25.
From the Sensex basket, Kotak Mahindra Bank tanked over 12 per cent after the RBI barred the company from onboarding customers online and issuing credit cards.
Cracking down on repeated non-compliance…
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