BSE Sensex falls; lenders fall, Wockhardt limit down

Reuters Market Eye - The BSE Sensex falls 0.34 percent and the broader Nifty is down 0.46 percent after three consecutive sessions of gains.

Asian shares also ease as strong U.S. economic data raises concerns about the possibility of reduced Federal Reserve monetary stimulus in the future.

Lenders such as Housing Development Finance Corporation Ltd fall 1.9 percent, while ICICI Bank Ltd is down 1.3 percent on caution ahead of January-March GDP data due this Friday.

Wockhardt Ltd falls 10 percent, its limit for the day, on renewed concerns about potential further action after the U.S. Food and Drug Administration imposed an "import alert" on a plant operated by the generic drugmaker last week, analysts say.

 

Cipla Ltd falls 0.3 percent, heading for a sixth consecutive session of declines, ahead of its March-quarter earnings later in the day.

However, Sun Pharmaceutical Industries up 7.9 percent after hitting an all-time high of 1,080.70 rupees earlier, after it reported net profit rose more than expected and its management guided for robust sales growth in FY14.

(Reporting by Abhishek Vishnoi)