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Nifty, Sensex decline in opening because of persistent FPI selling and weak corporate earnings

Indian stock markets are continuously moving into the hands of bears amid persistent selling by foreign investors, as corporate earnings remain challenging. The Nifty 50 index declined by 119 points, or 0.52 per cent, to open at 22,809.90 points, while the BSE Sensex opened at 75,641.41 points with a dip of 297.80 points, or 0.39 per cent.