Sensex falls more than 150 points: report

Mumbai: If sustained until the close, it would mark the Nifty's third losing session over the previous four as shares have retreated from a record high hit on May 16. Foreign investors sold Indian shares worth 2.87 billion rupees ($48.8 million) on Wednesday, as per provisional exchange data, extending their selling streak to a third consecutive day, marking a cumulative sales of $90.6 million in that period.

Infosys Ltd  falls 7.4 per cent after its president and board member B.G. Srinivas, seen by some investors as a candidate to take over as CEO, resigned, becoming the latest senior manager to leave the company. A stronger rupee is hitting other software services exporters. Wipro Ltd falls 1.9 per cent.

Hero MotoCorp falls 2 per cent after its January-March profit adjusted for other income lagged some analysts' estimates.