Reuters Market Eye - The BSE Sensex falls 0.8 percent, while the broader Nifty is down 0.9 percent.
Shares of Cipla fall 6.4 percent after the company's December-quarter profit dropped by 16.5 percent to 2.84 billion rupees, lagging some analysts' estimates.
Coal India Ltd , the world's largest coal miner by output, is trading 3.6 percent lower after its December quarter earnings fell short of expectations.
Overseas investors bought Indian shares worth 2.12 billion rupees on Wednesday, snapping their nine-day selling streak in the secondary share market, exchange data showed.
(Reporting by Indulal PM)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app