** CLSA says India's biggest cigarette maker ITC Ltd's success in FMCG business is limited, and meaningful profit from the business is still some time away
** Shares of state-owned Oil and Natural Gas Corp Ltd rise as much as 4.8 pct to 163.7 rupees, their highest since June 21
** Bajaj Finance Ltd, India's largest consumer finance company by market-cap, rises as much as 2.02 pct to a record high of 2,519 rupees
** Indian state-run lenders surged in early trading, with the Nifty PSU bank index gaining as much as 1.5 pct
** Zee Entertainment Enterprises Ltd rises as much as 3.1 pct to 532.70 rupees, biggest intraday pct gain since April 18
** Shares of IndusInd Bank Ltd fall as much as 1.6 pct to 1,892 rupees, lowest since June 8
** Shares of Federal Bank Ltd jump as much as 13.7 pct to 84.3 rupees on upbeat June-qtr results
** Shares of Bharti Airtel Ltd, India's top telecom operator by market cap, fall as much as 2.13 pct to 340 rupees, lowest since May 10, 2017
** Consumer goods maker Hindustan Unilever Ltd (HUL) falls as much as 2.9 pct to 1,701 rupees, in its biggest intraday pct fall since May 2
July 16 Indivior Plc's shares jumped more than 33 percent on Monday after a U.S. court blocked a rival from selling a cheaper copycat of the British drugmaker's bestselling opioid addiction treatment.
Nifty Most Actives
Indian shares erased early gains on Wednesday, with the benchmark BSE index falling from a record high, as the opposition parties tabled a no-confidence motion against Prime Minister Narendra Modi's government.