The market opened marginally higher on Wednesday, taking support from stocks like pharma, FMCG and banks. The Sensex rose 73.99 points to 28235.71 and the Nifty climbed 25.95 points to 8568.90. About 312 shares have advanced, 99 shares declined, and 98 shares are unchanged on the BSE.

Reports on Indian ADRs
• Indian ADRs ended mostly lower on Monday.
• In the IT space, Infosys fell 0.33 percent at USD 35.99.
• Wipro added 1.38 percent at USD 13.96.
• In the banking space, ICICI Bank dipped 4.36 percent at USD 10.30.
• HDFC Bank was down 1.21 percent at USD 59.67.
• In the other sectors, Tata Motors was down 0.38 percent at USD 46.90.
• Dr Reddy’s Laboratories fell 0.11 percent at USD 55.44.

Indian Market Highlights
Shares in generic drug maker IPCA Laboratories slumped as much 12.7 percent, heading towards their biggest daily fall since July 2014, after the U.S. Food and Drug Administration (FDA) issued an import alert against two of its plants.

Sun Pharma and Ranbaxy Labs gained more than 1 percent as Sun said merger of Ranbaxy with company has been consummated.

Tata Motors, Dr Reddy's Labs, NTPC, BHEL, Lupin, Cairn India and Hindalco advanced more than 0.5 percent while Bharti Airtel, Wipro, GAIL, Coal India, Reliance Industries, NMDC, Jindal Steel, Power Grid Corp and Bank of Baroda declined.

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