Reuters Market Eye - The BSE Sensex and the broader Nifty fall 1 percent. Shares of Cipla fall 8 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 3.3 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)