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Benchmark indices slipped over 0.5% in morning deals on account of profit booking after a four day rally. At 1130 hrs, the Sensex was down 122 points at 18,764 and the Nifty slipped 48 points to tarde at 5,503.
In the broader markets, the midcap index was flat with a positive bias and the smallcap index was marginally up by 0.3%.
The partially convertible rupee was trading at 66.78per dollar at 1130hrs as compared with its close of 66.00/01 on Monday.
In Asia, upbeat factory data from around the globe powered Asian markets on Tuesday, while gold and the yen lost some of their safe-haven appeal as the U.S. delayed a possible strike on Syria.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.7%, building on Monday's 1.2% rise and on track for a fourth day of gains.
Japan's Nikkei stock average surged 2.5%, and the Korea Composite Stock Price Index rose 0.6%.
Back home, on the sectoral front, FMCG, Teck, IT, Consumer Durables, Oil & Gas and Bankex indices were down 1-1.3%.
Among the ones in the green, PSU, Auto, Realty, Capital Goods and Metal indices were up 0.1-0.8%.
BHEL and Tata Motors up 3.5% each were the top gainers among the Sensex-30 followed by Coal India, ONGC, Jindal Steel, Tata Power and Bharti Airtel which added 0.5-2.4%.
Among the ones in the red were HDFC, Hero MotoCorp, HDFC Bank, Reliance Industries and ICICI Bank down 1-4%.
Infosys, HUL, Sesa Goa, Tata Steel and NTPC down 0.5-0.9% were the other notable losers.
The market breadth was marginally positive. 919 stocks advanced while 854 stocks declined n the BSE.
