Updated from 5:08 p.m. EDTIndian stocks cooled off Wednesday after Goldman Sachs issued some cautious notes on banks in the region. Profiting-taking also hit the Far East as investors looked to lock in gains following a large one-day point gain Tuesday. "The Sensex Index is likely to move in a narrow range and digest gains after the strong rise in the past four days," said Deven Choksey, chief executive officer at K R Choksey Shares & Securities. The Bombay Stock Exchange Sensitive Index lost 130.66 points, or 0.8%, to 16,086.83. The long-awaited sale of Ford Motor's ( F) luxury car brands Jaguar and Land Rover to Tata Motors ( TTM) closed Wednesday. Tata announced it purchased the brands for $2.3 billion and Ford will contribute around $600 million to the Jaguar-Land Rover pension fund. Ford originally purchased Jaguar for $2.5 billion and Land Rover for $2.7 billion. American depositary shares of Tata Motors, which trade on the NYSE, fell 6.8% to $16.18 on the news. In the Indian technology sector, Satyam Computer ( SAY) has entered into a strategic partnership with SAP ( SAP) for the Middle East and North Africa region, according to the Business Standard. ADR shares of Satyam finished down 1.4% to $23.82. Indian banking ADRs came under selling pressure Wednesday after Goldman Sachs cut by 32% the price target for Icici Bank ( IBN), citing concerns that Indian banks will report lower revenue growth due to slowing loan and fee income growth. ADR shares of Icici fell sharply by 5.3% to $40.69, and HDFC Bank ( HDB) lost 2.6% to $101.75. Some of the few Indian ADRs to advance on the American exchanges was Internet network and commerce company Sify Technologies ( SIFY) and global communications firm Tata Communications ( TCL). ADR shares of Sify rose 2.7% to $4.30, and Tata Communications advanced 1.8% to $28. Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.