A benchmark index of Indian equities on Tuesday fell 82 points, led by selling pressure in metal, retail and banking scrips.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed 81.73 points or 0.4 per cent down at 20,221.39 points. After opening at 20,325.44 points, the index touched intraday high of 20,344.68 points and low of 20,189.30 points.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty closed 0.39 per cent or 23.80 points down at 6,082 points.
Tata Steel plunged 2.62 per cent to Rs.605.45. Bharti Airtel 2.42 per cent down at Rs.329.05, Hindustan Unilever 2.21 per cent down at Rs.298.90, SBI 1.84 per cent down at 3,180.45, and Reliance Comm 1.73 per cent down at Rs.176.05 were the major losers.
Top gainers included Maruti Suzuki, 3.59 percent up at Rs.1,562.85; ITC up 1.30 per cent at Rs.171.55; Jaiprakash Asso 1.04 per cent higher at Rs.126.70; and Reliance Infra 0.86 per cent up at Rs.1,069.15.
Other Asian markets traded cautiously ahead of announcements of key quarterly corporate results. Investors chose to get out of positions at higher levels, leading to downward pressure.
Hong Kong's Hang Seng ended flat at 23,610.95 points, while the Japanese Nikkei closed 0.25 per cent down at 9,377.38 points.
The Shanghai Composite index closed at 3,021.27 points, up 0.99 per cent.