A benchmark index of Indian equities markets Tuesday fell 55 points or 0.21 percent in the afternoon trade session as metal, realty and information technology (IT) stocks plunged.
Healthy buying was observed in healthcare, banks and capital goods.
The 30-scrip Sensitive Index (Sensex) of the S&P BSE, which opened at 26,537.42 points, was trading at 26,329.57 points (at 12.30 p.m.) in the afternoon trade session, down 54.50 points or 0.21 percent from the previous day's close at 26,384.07 points.
The Sensex touched a high of 26,550.79 points and a low of 26,212.01 points in the trade so far.
According to Angel Broking, the Indian markets opened in positive territory tracking SGX Nifty.
"US markets closed in the negative territory Monday. The weakness that emerged on US markets partly reflected lingering concerns about global economic growth and monetary policy divergence," the broking firm was quoted in a statement.
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"European markets steadied Monday, but gains were tempered by scepticism about the European Central Bank's promise of further measures to bolster the region's sluggish economy."
The marginal slump in markets come a day after data showed that India's consumer price index-based inflation at 6.46 percent (provisional) came down to its lowest levels since 2012 during September from 9.84 percent in the corresponding month of last year.
The retail inflation based on Consumer Price Index (CPI) had slowed down to 7.73 percent in August from 7.96 percent in the previous month.
The latest data assumed significance as Reserve Bank of India (RBI) had set a target for CPI inflation at eight percent by January 2015 and six percent by January 2016.
Sector-wise the S&P BSE metal index was down 142.55 points, followed by realty index which was lower by 122.68 points and IT index lost 75.77 points.
However, healthcare index was up 87.37 points, bank index gained 76.82 points and capital goods index was higher by 46.40 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also down. It fell 19.05 points or 0.24 percent at 7,865.20 points.