Indian shares drift lower after U.S. Federal Reserve cuts interest rates by quarter point. Sensex down 170 points, Nifty slips 52 points.

Tata Steel rises 1.2% with board approval for 4.8 MTPA capacity expansion at NINL. Adani Enterprises edges up after concluding Rs. 25,000 crore rights issue.

LIC of India unchanged on receiving GST demand order of over Rs. 2,370 crore. Cipla gains 1% after launching new treatment for obesity and type-2 diabetes.

Vedanta adds 1% with plans to invest Rs. 1 lakh crore in Rajasthan. DCM Shriram soars 6% after signing pact with Bayer CropScience for collaborative agricultural initiatives.

Read more at Nasdaq: Indian Shares Give Up Early Gains