Reuters Market Eye - The BSE Sensex falls 0.23 percent, while the Nifty is down 0.25 percent on profit taking after making a record high on Monday.
Recent gainers fall. ICICI Bank is down 2 percent, Larsen and Toubro falls 3 percent while Bharat Heavy Electricals plunges 5 percent.
Caution prevails ahead of consumer inflation data due on Thursday and RBI's monetary policy review on Dec 18.
However, foreign funds bought Indian cash shares and derivatives worth $1 billion on Monday when Indian shares rose to a record high after the main opposition party, widely seen by investors as being more business friendly, swept recent state elections.
(Reporting by Abhishek Vishnoi)
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