Reuters Market Eye - The BSE Sensex falls 0.23 percent, while the Nifty is down 0.25 percent on profit taking after making a record high on Monday.
Recent gainers fall. ICICI Bank
Caution prevails ahead of consumer inflation data due on Thursday and RBI's monetary policy review on Dec 18.
However, foreign funds bought Indian cash shares and derivatives worth $1 billion on Monday when Indian shares rose to a record high after the main opposition party, widely seen by investors as being more business friendly, swept recent state elections.
(Reporting by Abhishek Vishnoi)