The Sensex is down 112.54 points or 0.34% at 33343.25, and the Nifty down 46.10 points.

Equity benchmarks remained under pressure on profit booking after rallying 850 points in previous three consecutive sessions. Investors await Federal Reserve policy meeting that will start tonight and the second phase of Gujarat assembly elections on Thursday.

The 30-share BSE Sensex was down 122.85 points at 33,332.94 and the 50-share NSE Nifty fell 48.70 points to 10,273.60.

HPCL, BPCL and IOC declined 2-3 percent after crude oil prices crossed USD 65 a barrel level.

Market Check: Frontline indices continued to trade lower, with the Sensex down over 100 points, while the Nifty was firmly below 10,300-mark.

The Sensex is down 112.54 points or 0.34% at 33343.25, and the Nifty down 46.10 points or 0.45% at 10276.20. The market breadth is negative as 987 shares have advanced, 1174 shares declined, and 104 shares are unchanged.

With eye on Universal Health Coverage, the Centre will increase its healthcare expenditure from the current 1.15 percent to 2.5 percent of the gross domestic product (GDP) by 2025.

According to a Mint report, the announcement was made by Union Health Minister JP Nadda.

Close to 150,000 sub-health centres will be converted to health and wellness centres for providing more improved, comprehensive health care.

Buzzing Stock: Dr Reddy's Laboratories shares rallied as much as 6 percent in morning Tuesday on getting clearance to Bachupally plant.

The pharma major informed exchanges that it has received an establishment inspection report from the US Food and Drug Administration on Monday after closure of audit of Bachupally unit, Hyderabad.

Rupee opening and outlook: The Indian rupee opened lower by 5 paise at 64.41 per dollar on Tuesday versus previous close 64.36.

Equity benchmarks began the day on a flattish note with a hint of negative bias. Soon after the opening, indices moved in the red zone, with the Nifty giving up 10,300.

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The Sensex was down 67.71 points at 33388.08, while the Nifty was down 26.60 points at 10295.70. The market breadth was narrow as 611 shares advanced against a decline of 577 shares, while 43 shares are unchanged.

Among sectors, banks have taken a hit, while midcaps are in tandem with benchmarks.

Dr Reddy’s Labs, ONGC, and GAIL were the top gainers on both indices, while Asian Paints, Coal India and HPCL lost the most.