Thursday, in early trade the benchmark BSE Sensex declines by over 53 points, extending its slide for a second straight day on continued foreign fund outflows amid a weak trend in Asia. Besides, muted expectation of fourth quarter earnings weighed on sentiments. The 30-share barometer fell 53.77 points or 0.22 per cent to 24,631.65 with IT, teck, consumer durables, oils and gas, auto and banking stocks leading the fall. The index had lost 215.21 points in the previous session. Also, the NSE Nifty dropped 15.50 points or 0.20 per cent at 7,530.95.