BSE Sensex is down 0.5 percent,while NSE Nifty falls 0.62 percent after closing at their highest in nearly a month on Monday. Losses in HDFC Bank,Reliance Industries and Infosys push markets lower.
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Dealers are worried whether a 3-day rally could sustain as foreign investors sold cash shares on Monday as per NSE data,while volumes on the Nifty fell to their lowest since June 19.
Infosys down 1 percent on worries around the immigration bill and its FY14 revenue guidance,dealers say.
Tata Motors falls 1.4 percent after company said in a statement on Monday that its June sales fell 18 pct to 52,708 units.