Indian stock markets declined due to drops in IT and banking stocks, with Infosys and Axis Bank reporting disappointing results. Other factors include concerns over US policy changes ahead of Donald Trump's inauguration,

The Indian market ended lower, breaking a three-day winning streak, with the Nifty closing around 23,200. This decline was driven by selling in IT and banking stocks, despite strong quarterly results from sector heavyweights Infosys and Axis Bank for the December quarter.

Investors were also keeping high hopes from quarterly earnings of heavyweights Reliance Industries Ltd, Infosys Ltd and Axis Bank Ltd scheduled for later in the day.

The BSE Sensex fell 423.49 points or 0.55 per cent, closing at 76,619.33, after dropping as low as 76,263.29 during the trading session. The NSE Nifty ended lower by 108.60 points or 0.47 per cent at 23,