Indian shares fall 1.5 pct; Sun Pharma gains

MAIN TOP 3 BY VOLUME

* GVK Power & Infrastructure (GVKP.BO) on 3.6 million
shares

* Unitech (UNTE.BO) on 2.7 million shares

* Mahindra Satyam (SATY.BO) on 2.5 million shares

STOCKS ON THE MOVE

* Orchid Chemicals & Pharmaceuticals Ltd (ORCD.BO) rose 2.1
percent to 101.20 rupees, after drugmaker Schering-Plough Corp
SGP.N said on Tuesday it settled a patent litigation with the
Indian drugmaker related to generic versions of its allergy
medication, Clarinex. [ID:nN11545773]

* Non-ferrous metals producer Sterlite Industries (STRL.BO)
fell 3.2 percent to 614.90 rupees as copper prices in Shanghai
fell.

FACTORS TO WATCH
* For technical analysis double click on www.reutersindia.net
* Indian rupee near 2-week low as Asian shares fall
[INR/]
* Indian bond yields ease on global cues, data eyed
[IN/]
* Yen rises as investors cut shorts before Fed
[FRX/]
* Oil steadies below $70 ahead of EIA stocks data,Fed
meet[O/R] * Asian shares fall in pre-Fed caution
[MKTS/GLOB] * Wall Street dragged lower by financials

[.N] * For closing rates of Indian ADRs

INADR (Reporting by Pratish Narayanan; Editing by
Himani Sarkar)