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India's Titan Company shares gain 1.4 percent after Credit Suisse upgrades the stock to "outperform" from "neutral" and raises target to 310 rupees from 250 rupees on expectations gold regulatory frameworks would be dismantled in 6-12 months.

India had allowed five domestic private sector banks to import gold, in what industry officials say could be a significant step towards easing of tough curbs on the metal imposed last  year.

Sensex ends 144 points lower at 22,484; IT stocks gain on Infosys outlook. Nifty ends 43 points lower at 6,733.

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