Indian equities fell for the third day on speculation the central bank will continue raising rates to contain prices after inflation stayed at more than 9 per cent in July for the eighth consecutive month.
DLF fell 5.7 per cent after India's antitrust regulator imposed a penalty of about Rs6 billion (Dh485 million) on the company for "abuse of dominance," the Press Trust of India reported, citing a Competition Commission of India official it didn't identify.
Hindalco Industries fell 3.9 per cent amid concern higher commodity prices will crimp demand.
The wholesale-price index rose 9.22 per cent from a year earlier after a 9.44 per cent jump in June, the commerce ministry said on Tuesday. The median of 22 estimates in a Bloomberg News survey was for a 9.2 per cent increase.