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Indian shares fell for a second consecutive session on Tuesday to their lowest close in 1-1/2 weeks as caution ahead of results of major companies such as Tata Motors Ltd and uncertainty about Greece's fiscal woes prompted investors to trim positions.
Also, traders remained wary ahead of May month F&O expiry.
Tata Motors fell 1.6 per cent, down for a second session amid expectations its January-March earnings due later in the day could disappoint due to sluggish sales at unit Jaguar Land Rover in China.
"We are not expecting any great set of numbers from any of these companies, so the pressure will be there," said Daljeet Kohli, director and head of research at IndiaNivesh Securities.
Traders also continued to monitor the developments in Greece after its government said it intends to make good on its debt obligations but needs aid urgently to be able to do so.
The 30-share BSE index Sensex fell 112.47 points or 0.41 per cent at 27,531.41 and the 50-share NSE index Nifty ended down by 30.9 points or 0.37 per cent at 8,339.53.
Sectoral indices
Barring banking, power and infrastructure, all other BSE sectoral indices ended in the red. Among them, oil & gas index fell the most by 1.03 per cent, followed by realty 0.86 per cent, FMCG 0.54 per cent and healthcare 0.4 per cent. On the other hand, banking index was up 0.08 per cent, followed by power 0.02 per cent and infrastructure 0.01 per cent.
Gainers, losers
Top five Sensex gainers were BHEL 2.88%, Coal India 1.41%, Hero MotoCorp 1.24%, Maruti 0.96% and Bajaj Auto 0.96%, while the major losers were VEDL 2.33%, ONGC 2.05%, Tata Motors 1.6%, NTPC 1.34% and Dr Reddy's 1.07%.
Global markets
Greece’s financial crisis and signs of growing opposition to austerity in Spain sent the euro to its lowest level in a month on Tuesday, while shares and commodities took a knock as the dollar powered higher.
Europe’s stock markets fell between 0.5-1.3 per cent as early resistance gave way and a fall by the euro back below $1.09 mirrored signs that contagion from the region’s debt problems was creeping back into bond markets.
The falls in Europe meant global shares MSCI’s benchmark All World index saw their biggest fall in three weeks.
Overnight, Asian shares had reversed earlier losses to end 0.12 per cent higher on the back of gains in Hong Kong, China and to a lesser degree, Tokyo, which hit a 15-year high as the dollar sent the yen to an eight-year low.
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