In early trade on Wednesday, the benchmark equity indices, Sensex and Nifty, experienced a notable decline, pressured by falling bank stocks and weak trends in Asian markets. The BSE Sensex dropped by 366.53 points, landing at 80,002.50, while the NSE Nifty fell by 129.25 points to 24,337.60.

Among the 30 stocks that constitute the Sensex, notable laggards included Sun Pharma, ICICI Bank, Axis Bank, Bajaj Finserv, Kotak Mahindra Bank, State Bank of India, HCL Technologies, and Bharti Airtel. These stocks faced significant selling pressure as investors reacted to the prevailing market conditions. In contrast, a few stocks managed to defy the overall trend, with Maruti, Tata Motors, IndusInd Bank, and Larsen & Toubro recording gains amid the broader market decline.