The Sensex ended the day lower by 115 points, while the Nifty closed lower 26 points.
Benchmark indices ended the day marginally lower after the Reserve Bank of India held interest rates steady. Read more on RBI monetary policy here.
Shares of Tata Motors fell in today's trade after brokerage Credit Suisse reduced target price on the stock to Rs 490.
The stock ended the day at Rs 381, lower by 1.79 per cent on BSE. It touched an intraday low at Rs 378 during the trade.
Sun Pharmaceutical Industries Ltd said that it has received approval from High Court of Gujarat for Amalgamation of Sun Pharma Global Inc. (SPGI), wholly-owned subsidiary of the Company, into Sun Pharmaceutical Industries Limited (SPIL).
The stock ended the day at Rs 829, marginally lower by 0.13 per cent on BSE. It touched an intraday high at Rs 833 and low at Rs 820 during the trade.
Hero MotoCorp shares surged more than 3 per cent on Tuesday after the two-wheeler maker reported better-than-estimated profitability in the June quarter.
The stock ended the day at Rs 2620, lower by 2.89 per cent on BSE. It touched an intraday low at Rs 2613 during the trade.
Tata Steel and Hindalco
Tata Steel and Hindalco on reports that the government would hike import duty on select steel products.
The Tata Steel ended the day at Rs 258, higher by 4.40 per cent on BSE. It touched an intraday high at Rs 259 during the trade.
Shares of Hindalco ended the day at Rs 109, higher by 3.36 per cent on BSE. It touched an intraday high at Rs 110 during the trade.