U.S. stocks added to losses, with the Nasdaq falling 1.5%, on Monday as the market retreated from recent gains and as data on factory orders fell short of expectations.
The Dow Jones industrial average was down 130 points, or 0.93%, at 13,880. The Standard & Poor's 500 Index was down 17.46 points, or 1.15%, at 1,495.71. The Nasdaq Composite Index was down 47.93 points, or 1.51%, at 3,131.17.
Asian shares eased on Tuesday as investors booked profits from recent strong rallies in the face of weak U.S. data and worries that a potential political shake-up could disrupt the eurozone's efforts to resolve its debt crisis. Nikkei slipped 1.2% at 11,121. Hang Seng and Shanghai Composite were down 0.5-1.5% each.
BSE healthcare index has managed to buck trends and is up 0.8% at 8,028. However, realty index is down 0.8% at 2,184. consumer durables, power and capital goods indices are down 0.5% each.
Sun Pharma is up 4.3% at Rs 749. GAIL has gained 1.5%, followed by ONGC and TCS.
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On the other hand, BHEL has slumped 1.2% at Rs 214. Tata Motors, Hero MotoCorp, Sterlite and Jindal Steel are down 1-1.4% each.
Jain Irrigation Systems has dipped over 6% to Rs 66.95 in opening deals after reporting a net loss of Rs 31 crore for the third quarter ended December, 2012 (Q3), mainly due to unrealized forex losses of Rs 57 crore. The company had clocked a net profit of Rs 1.24 crore in the same quarter last fiscal.
Jubilant FoodWorks reported 27.96% jump in its standalone net profit at Rs 37.71 crore for the quarter ended December 31. The company had posted a net profit of Rs 29.47 crore in the corresponding period last fiscal, Jubilant FoodWorks said in a filing to the BSE. The stock has sumped 5.8% at Rs 1,068.
BSE market breadth is negative. Out of 1,519 stocks traded, 949 stocks declined and 520 stocks advanced.