The BSE Sensex dropped over 71 points in early trade today. The 30-share BSE index was trading 71.95 points lower at 41,314.45. Similarly, the NSE was trading 17.85 points, down at 12,162.50.
Brent crude oil futures rose 0.06 per cent to USD 62.08 per barrel.
The rupee declined by 5 paise to 71.31 against the US dollar in early trade as spread of a deadly new virus from China kept investors edgy.