Indices after record gains in the previous session opened lower with losses extending to 0.74% on both the indices. Sensex lost a good 378 points, while Nifty drifted lower by 104 points to 14740. Nifty Bank also sink close to 1 percent. Broader markets however outperformed their headline peers with loss of just 0.18 percent on Nifty Midcap 100.
Among Nifty sectoral indices, barring pharma and PSU Bank, all the indices slipped into the red.
Yes Bank shares were down by over 2% after rising over 16 percent in previous day's trade ahead of its inclusion in Nifty Next 50 index.
Shares of IDFC First Bank traded only marginally higher after the private bank on Tuesday fixed the floor price of its Rs. 3000 crore QIP issue.
IRB Infrastructure Developers (IRB) won two highway projects in HP and West Bengal.
Shares of the infra major zoomed over 8% to day's high price of Rs. 112.1 per share on the NSE.
Meanwhile at the time of writing this copy, Asian indices also traded lower with loss of up to 0.67 percent on Japanese Nikkei.