National Stock Exchange’s benchmark Nifty on Tuesday fell 41.20 points to 4441.
Bombay Stock Exchange’s 30-share Sensex shed 162 points to 14782 from Monday’s close.
“The markets are in for some consolidation after a solid rise yesterday. Today might be a day of further profit booking, especially in the power sector as investors realise that the Nuclear sapling planted now will take time to bear fruits,” said Anagram Broking.
US stocks rose on Monday as investors bet Washington's bailout of mortgage finance giants Fannie Mae and Freddie Mac would stabilize the US housing sector and calm jittery world financial markets.
The Dow Jones Industrial Average closed up 290.18 points, or 2.59 per cent, at 11,510.49. The Standard & Poor's 500 Index finished up 25.48 points, or 2.05 per cent, at 1,267.79 and the Nasdaq Composite Index was up 13.88 points, or 0.62 per cent, at 2,269.76.
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