Reuters Market Eye - The BSE Sensex and Nifty are trading down 0.4 percent each. Profit-taking is seen after stocks surged to a record high on Monday.
The Nifty on Monday gained as much as 1.2 percent to hit an all-time high of 7,673.70, while the Sensex rose as much as 0.98 percent to hit a record high of 25,644.77.
Oil and Natural Gas Corp is down 3.3 percent.
Investors also point to some caution ahead of retail inflation data for May and factory output for April on Thursday.
(Reporting by Abhishek Vishnoi)