Sensex sheds 330 points, Nifty slips below 16,117 in early trade

Sensex scales 54,151.70, declined by 330.14, and Nifty downs 102.75 points to 16,117.85 in early trade. TCS tumbled 4.54 percent after its earnings failed to cheer investors. Meanwhile, NTPC, M&M, ITC, and ICICI Bank were among the gainers.