- Infosys Ltd to hire up to 350 B-school grads overseasBSE Sensex edges higher after positive IIP, CPI dataUS FDA bans Sun Pharma Gujarat plant, crackdown against Indian pharmaceuticals cos expandsMarkets erase gains after Chinese output data disappoints, BSE Sensex, NSE Nifty drift down
Meanwhile, shares in Sun Pharmaceutical Industries lost 5.19 percent after the U.S. Food and Drug Administration (FDA) banned imports from the drug-maker's plant at Karkhadi in the western state of Gujarat..
It was not immediately clear why the FDA imposed the ban.
Among other stocks, real-estate developers fell sharply with the BSE realty index losing 3.4 percent on profit taking. DLF Ltd fell 6.03 percent after gaining nearly 27 percent so far this month, as of Wednesday's close.
However, some lenders gained, extending a recent rally. HDFC Bank Ltd rose 2.3 percent, bringing its monthly gain to 10.9 percent, while State Bank of India rose 0.4 percent, brining its gain so far in March to 7.8 percent.
State-run oil marketing companies also gained sharply, with Indian Oil Corp. up 4.2 percent, on media reports that the government may start distributing its oil subsidy for the October-December quarter starting from March 18