Shares in India's HCL Technologies fell more than 4.1 percent on Wednesday, heading towards its steepest daily fall since October 2014, after the company said a stronger dollar would hurt its January-March revenue by 280 basis points.

However, HCL Technologies said it was still confident of achieving an operating profit in the range of 21 to 22 percent for the quarter, according to an exchange filing on Tuesday.

INDIAN STOCK MARKET
• Indian ADRs ended mostly higher on Tuesday.
• In the banking space, ICICI Bank added 0.68 percent at USD 10.36.
• HDFC Bank rose 0.84 percent at USD 58.89.
• In the IT space, Infosys slipped 1.96 percent at USD 35.08.
• Wipro was down 2.84 percent at USD 13.32.
• In the other sectors, Tata Motors gained 1.21 percent at USD 45.06.
• Dr Reddy’s Laboratories jumped by 2.57 percent to USD 57.10.

Market Highlights
The market remained in a consolidation mode for the second consecutive session today. The Sensex declined 11.71 points to 27945.78 and the Nifty slipped 9.20 points to 8481.80 while the broader markets outperformed benchmarks. The BSE Midcap and Smallcap indices gained more than 0.6 percent. More than two shares advanced for every share declining on the Bombay Stock Exchange

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