Mumbai: India’s stock markets fell on Tuesday, a day after hitting a six-week high, dragged down by pharma stocks with Lupin Ltd hurting the most, and as Asian equities languished after the Bank of Japan offered a bleaker view of the country’s economy.

The benchmark BSE Sensex closed down 1.02, or 253.11 points, at 24,551.17, while the broader NSE Nifty fell 1.04%, or 78.15 points, to end at 7,460.60.

Shares of Lupin shed 7.59% to close at 1,726.60 apiece, after the U.S. Food and Drug Administration (FDA) inspected the company’s Goa plant and made nine observations related to inadequacies and adherence to standard operating procedures.

Up next, the market will closely watch the outcome of the U.S. Federal Reserve’s two-day policy meeting, beginning on Tuesday.

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