The benchmark equity indices, Sensex and Nifty, experienced a decline on Wednesday, primarily driven by selling pressure in banking and financial stocks, alongside weak trends in global markets. According to PTI, the BSE Sensex fell by 426.85 points, or 0.53 per cent, to settle at 79,942.18, while the NSE Nifty dropped 126 points, or 0.51 per cent, to close at 24,340.85.

Traders noted that weak earnings reports and ongoing foreign fund outflows further impacted market sentiment. Within the 30-share Sensex pack, notable laggards included Infosys, ICICI Bank, Kotak Mahindra Bank, Mahindra & Mahindra, State Bank of India, HCL Technologies, Axis Bank, NTPC, and HDFC Bank. These stocks faced significant selling pressure, contributing to the overall market downturn.