Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
Besides opposing the suspension of three medicines, the sector has also questioned the process adopted by the government.
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
Media tycoon Kalanithi Maran and his wife Kavery Kalanithi have retained the top two slots among the highly paid executives in the country.
The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Developed markets have performed better than emerging market firms in the top 10 TSR-based rankings, says a BCG report.
The Indian Pharmaceutical Alliance has approached regulator for a dialogue to understand the concern raised by it
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
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Investors accumulated quality stocks at valuable and attractive levels.
Auto stocks are weighing on the indices.
Ten months after new Sebi norms set in, some senior directors still hold more board seats than allowed.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
BSE Bankex and Telecom indices led the fall.
The S&P BSE Sensex has rallied about 28 per cent in 2014, after formation of a stable government at the Centre.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
The rally in index heavyweight ITC has boosted the sentiment across the board.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Financials are the top gainers along with index heavyweights.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
Markets snapped two-day losing streak and ended flat with a positive bias on Tuesday as gains in auto shares helped offset losses in IT majors.
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
The rise in India Inc's market value was led by asset-light firms.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Margaret A Hamburg, the first commissioner of the US Food and Drug Administration (US FDA) to visit India officially, will meet heads of major domestic pharma companies such as Ranbaxy, Wockhardt, Cadila Healthcare and Lupin in New Delhi.
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Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
Sensex dull at close, Infosys rules, ITC drags.
Under MRA, Japan is to recognise Indian medical degrees and treat the country's doctors and other medical personnel on par with its own.
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