Asian bourses fell on Tuesday as hopes faded on the Spain bailout as investors felt that bailout will not halt the deepening debt crisis in Europe. The Nikkei 225 was trading down by 1.08%, while the Hang Sang was down by 0.83%. The Shanghai Composite was lower by 0.80%.
On Monday, the domestic indices slipped into the red soon after reports of a S&P downgrade threat surfaced. The global rating agency S&P has said that India may become the first country among BRIC (Brazil, Russia, India and China) to lose investment grade rating.
The gainers in morning trade were Reliance Infrastructure, Sterlite Industries, Tata Power and Jaiprakash Associates.
Stocks that failed to lure investors in early trade was HCL Technologies, Cipla, Sun Pharmaceuticals, Ambuja Cement.