New Delhi, April 11 -- Dragged by a decline in heavyweight banking and financial sector stocks as RBI's rate cut failed to lift investor sentiment on Dalal Street. All three frontline indices of the Indian stock market ended lower on Wednesday. The Nifty 50 index lost 136 points and closed at 22,399. The BSE Sensex went off 379 points and closed at 73,847, while the Bank Nifty index finished 270 points lower at 50,240. Larsen & Toubro share price contributed the most to the index decline, decreasing 3.4%. Wipro shares had the most significant drop, falling 4.3%.

Both the Midcap and Small cap indices, along with the Benchmark Indices, witnessed profit booking. The Nifty Midcap 100 and Smallcap 100 fell by 0.51% and 0.86%, respectively. De...