Mumbai: Benchmark indices Sensex and Nifty declined in early trade on Wednesday. At 10:00 am, the 30-share BSE Sensex was trading 56.11 points lower at 47,556.97.
The broad based Nifty was down by 18.20 points at 13,914.40.
Banking stocks like State Bank of India, IndusInd Bank, Axis Bank and ICICI Bank were among major losers among Sensex stocks. Besides, HDFC, Reliance, Bharti Airtel, Larsen & Toubro and Sun Pharma also dropped due to profit booking.