Reuters Market Eye - The Sensex fall more than 1.5 percent on Tuesday on widespread profit-taking in blue chips such as ICICI Bank and Tata Motors ahead of the 2013/14 budget to be unveiled on Thursday.
The BSE index is down 1.6 percent. The Nifty falls 1.62 percent, going below 5,800 for the first time since November 29, 2012.
Falls also tracked a selloff on world equity markets after Italy's inconclusive election result sent safe-haven German bond yields sharply lower as investors feared a resurgence of the euro zone debt crisis.
ICICI Bank is down 2.9 percent, while Tata Motors falls 2.9 percent.
Shares in India's wagon manufacturers extend fall after the railway budget unveiled by the government was seen as lacking big announcements or projects.
Titagarh Wagons Ltd is down 7.7 percent. Stone India fall mores than 16.5 percent.
(Reporting by Abhishek Vishnoi)
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